Mastercard Expands Crypto Credential to Self-Custody Wallets

The payment giant now enables verified username-style aliases for crypto transactions, aiming to simplify transfers for self-custody wallet users.

Summary

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Terms & Concepts
  • Self-custody wallet: A cryptocurrency wallet where the user controls private keys, ensuring full ownership of digital assets without relying on third parties.
  • Crypto Credential program: A Mastercard initiative that verifies user identities, allowing cryptocurrency transactions through simplified username-style aliases.
  • Wallet address: A unique alphanumeric identifier used to receive cryptocurrency transactions on a blockchain.