Mastercard launched a global program involving leaders from the FinTech industry aimed at integrating cryptocurrencies into the existing financial infrastructure and developing payment solutions that use them.
International payment system Mastercard announced the launch of the Crypto Partner Program, bringing together more than 85 companies from the digital assets, payments, and financial services sectors to jointly develop and implement blockchain payment solutions. The main goal is to integrate digital assets into the existing financial infrastructure.
According to the press release, Mastercard is seeing increasingly active use of crypto solutions in areas such as cross-border transfers, B2B settlements, and mass payouts. The company’s new program is designed to support the further adoption of these technologies.
The program brings together crypto companies, payment solution providers, and financial institutions to coordinate efforts in developing new products and services. Participants will work alongside Mastercard teams to create solutions that combine the speed and programmability of digital assets with existing card infrastructure and global merchant networks.
As part of the Crypto Partner Program, participants will exchange expertise with Mastercard specialists. Special attention will be given to developing scalable and regulation-compliant solutions capable of operating across different jurisdictions and integrating into everyday payment processes.
According to the press release, over 85 major industry organizations already joined the program, including:
- Binance;
- Ripple;
- Circle;
- Solana;
- Polygon;
- PayPal;
- Worldpay;
- Fireblocks;
- Chainalysis;
- Paxos;
- Bybit;
- SoFi and others.
The full list of partners includes representatives of blockchain infrastructure platforms, banks, card issuers, compliance and analytics solution providers, and other participants in the FinTech industry.
According to representatives of Mastercard’s digital assets and commercialization divisions, the next stage in the development of blockchain payments will rely on cooperation between the traditional financial system and companies working with digital assets. The goal is to ensure compatibility between new technological solutions and the existing global payments infrastructure.
Mastercard also emphasized that the program continues the company’s long-term strategy to develop the digital assets ecosystem. Previously, the corporation launched specialized initiatives under its Start Path and Engage programs, including the Crypto Card program, which has already been joined by dozens of cryptocurrency companies such as Bybit, MetaMask, Binance, Exodus, Mercuryo, and many others.
