Mastercard launches Web3 user verification solution to curb bad actors
Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company. Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The Solution is dubbed the “ Mastercard Crypto Credential” and its launch was announced on April 29. In an accompanying explainer video shared to Twitter, the firm outlined that its “building a way for Web3 and Blockchain service providers to help secure transactions between users, verified according to standards set by Mastercard.” At #Consensus23, we announced how we are instilling trust in the Blockchain ecosystem through Mastercard Crypto Credential. With crypto wallet providers @Bit2Me_Global, @LiriumAG , @MercadoBitcoin and @UpholdInc and public Blockchain network organizations @AptosLabs,… pic.twitter.com/P33mtDVAas — Mastercard News (...