Mastercard works on Blockchain to connect Traffi and Crypto: Report

MasterCard develops a Blockchain multi -tool network to connect traditional financial institutions to the area of ​​digital assets.

The initiative, led by Raj Dhamodharan, MasterCard Executive Vice President of digital assets and digital assets, aims to provide a compatible and easy -to -use experience to transfer digital assets, similar to Venmo or Zelle, According to To Business Insider

MasterCard plays itself as a major infrastructure provider in the growing ecosystem in Blockchain. By integrating the wide payment network with Blockchain technology, the company seeks to enable smooth transactions between FIAT and Crypto markets.

Dhamodharan highlighted that financial institutions are increasingly interested in Blockchain because of their ability to create new business models.

MasterCard partnerships

The network is already Guaranteed partnerships With Jpmorgan and Standard Charted, focusing on Border paymentsSymbolic deposits, carbon credit transactions.

MasterCard also provided more than 100 cards that focus on encryption around the world, allowing 3.5 billion cards to interact with digital assets.

Since 2015, MasterCard has provided more than 250 patents related to Bluchin and supported 43 startups in the sector. Modern cooperatives include integration in November 2024 with JPMorgan to improve cross -border settlements and a February 2025 Partnership with Oondo Finance To bring in institutional financial assets to the chain.

Mastercard Blockchain expansion comes as American organizers provide more clarity on digital assets, encouraging traditional financing companies to deal with encryption. Dhamodharan believes that the company is in a good position to take advantage of this momentum, taking advantage of its range to pay the broader Blockchain accreditation.