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XRP rival Stellar (XLM) is partnering with Mastercard’s crypto payment solution.

Mastercard Crypto Credential aims to verify interactions between consumers and businesses using blockchain networks.

The product enables payers to send crypto using a recipient’s email address, rather than a long blockchain address.

Stellar and Mastercard are partnering to enable remittances and peer-to-peer transfers by embedding Crypto Credential in the blockchain’s ecosystem, per a new press release.

Explains the Stellar Development Foundation,

“As an extension 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.

The partnership will make Mastercard Crypto Credential available for the exchanges and digital asset wallet providers Coins.ph, Mercado Bitcoin and Wirex.

Coins.ph CEO Wei Zhou says the collaboration represents the “perfect fit” for his exchange, which is based in the Philippines.

“In 2023, remittances to the Philippines reached $37.2 billion, highlighting the vast potential to bring millions on-chain — many of whom will experience the benefits of crypto for the first time, starting with fast and low-cost cross-border transactions made possible through our collaboration.” 

Mastercard unveiled Crypto Credential in 2023. The payment solution went live with its first peer-to-peer pilot transactions earlier this year.

XLM is trading at $0.0951 at time of writing. The 37th-ranked crypto asset by market cap is up nearly 3% in the past 24 hours.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post XRP Rival Stellar (XLM) Announces New Partnership With Mastercard To Aid Consumers and Businesses appeared first on The Daily Hodl.

NO BYLINE, THANK YOU

XRP rival Stellar (XLM) is partnering with Mastercard’s crypto payment solution.

Mastercard Crypto Credential aims to verify interactions between consumers and businesses using blockchain networks.

The product enables payers to send crypto using a recipient’s email address, rather than a long blockchain address.

Stellar and Mastercard are partnering to enable remittances and peer-to-peer transfers by embedding Crypto Credential in the blockchain’s ecosystem, per a new press release.

Explains the Stellar Development Foundation,

“As an extension 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.

The partnership will make Mastercard Crypto Credential available for the exchanges and digital asset wallet providers Coins.ph, Mercado Bitcoin and Wirex.

Coins.ph CEO Wei Zhou says the collaboration represents the “perfect fit” for his exchange, which is based in the Philippines.

“In 2023, remittances to the Philippines reached $37.2 billion, highlighting the vast potential to bring millions on-chain — many of whom will experience the benefits of crypto for the first time, starting with fast and low-cost cross-border transactions made possible through our collaboration.” 

Mastercard unveiled Crypto Credential in 2023. The payment solution went live with its first peer-to-peer pilot transactions earlier this year.

XLM is trading at $0.0951 at time of writing. The 37th-ranked crypto asset by market cap is up nearly 3% in the past 24 hours.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post XRP Rival Stellar (XLM) Announces New Partnership With Mastercard To Aid Consumers and Businesses appeared first on The Daily Hodl.