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Mastercard Tests Crypto Credential for Stablecoin Payment Verification
['Fintech News Singapore']
Fintech Singapore
The pilot will explore how Mastercard Crypto Credential can support verification across stablecoin payment flows.
The framework provides assurance signals that payment providers can incorporate into their approval, compliance and risk processes.
Infinia, Walapay and Koywe will take part through the Borderless.xyz network and test what the company describes as a single-audit compliance model.
“One of the biggest friction points for stablecoin payment operators isn’t the payments.
Today, we’re excited to take the next step together, exploring how Mastercard Crypto Credential can help bring greater trust and confidence to stablecoin payment flows across a growing network of participants.”