Mastercard Encryption Business Head: The company has transitioned from the experimental phase to providing actual encryption solutions

2025-02-19 08:24:09

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ChainCatcher news, according to CoinDesk, Mastercard's head of crypto and blockchain business, Raj Dhamodharan, stated that the company has moved from the experimental phase to providing actual crypto solutions. Recently, Mastercard collaborated with compliance company Notabene to integrate its Crypto Credential system into the SafeTransact platform, allowing users to transfer crypto assets using email addresses instead of complex wallet addresses.

Dhamodharan pointed out that Mastercard will focus on three areas in 2025: building on-chain and off-chain channels for cryptocurrencies, expanding Crypto Credential functionalities, and stablecoin business. The company currently supports financial institutions in using stablecoins for transaction settlements and plans to announce more partnerships and application scenarios this year. Regarding the trend of asset tokenization, he stated that once regulations clearly allow deposits to be represented on public chains, this field will see larger-scale development.

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