Hassan Maishera
On Tuesday, the Stellar Organization announced via a blog post that it partnered with Mastercard to integrate the company’s Crypto Credential solution with the Stellar network.
Mastercard Crypto Credential, which helps verify interactions among consumers and businesses using blockchain networks, will be embedded in the Stellar ecosystem as the exclusive credentialing solution to enable a range of secure, compliant use cases for crypto wallet providers, including Coins.ph, Mercado Bitcoin, and Wirex.
Stellar and Mastercard’s partnership will initially focus on enabling credentialing for remittances and peer-to-peer transfers – pairing the user-friendly experience of Mastercard Crypto Credential with the Stellar network’s fast settlement times and low fee structure.
As part of the partnership, Mastercard and Stellar will explore how Mastercard’s wide range of services can be leveraged on the Stellar network, opening doors for additional new and innovative applications of blockchain technology.
Stellar is an open-source network with the mission to "create equitable access to the global financial system." Stellar is maintained by the Stellar Development Foundation, a non-profit organization established in 2014. XLM is down 1% in the last 24 hours and now trades at $0.093 per coin.
