Binance, PayPal and Ripple Join Mastercard Blockchain Payments Program
According to Mastercard’s official announcement, the Crypto Partner Program now includes more than 85 firms focused on remittances, B2B payments and broader global money movement infrastructure.
Mastercard officially launched its Crypto Partner Program with more than 85 crypto firms and financial institutions, according to the company’s announcement. The initiative is designed to connect blockchain-based payment functions to Mastercard’s global network for cross-border remittances, business-to-business payments and wider money movement infrastructure. Named participants include Binance, Circle, Ripple, Gemini and PayPal. Circle’s chief commercial officer said demand for payment-related crypto use cases is expected to expand, adding industry context to Mastercard’s push to integrate blockchain payment activity with established financial rails.
- Crypto Partner Program: Mastercard’s initiative to connect blockchain-based payment capabilities from partner firms to its global payments network.
- blockchain-based payment functions: Payment processes built on blockchain infrastructure, including transfers or settlement tools tied to digital asset networks.
- B2B payments: Business-to-business payments, or transactions conducted between companies rather than individual consumers.