Binance, PayPal and Ripple Join Mastercard Blockchain Payments Program
According to the latest report, Mastercard’s partner network now includes more than 85 firms and is focused on keeping stablecoin payments running through its own rails alongside broader crypto payment services.
Mastercard is recruiting more than 85 crypto firms, fintechs and banks into a partner program designed to keep stablecoin payments connected to its own network, according to the latest report. The program links digital asset payment activity to Mastercard’s rails and includes companies previously cited across coverage such as Binance, Circle, Ripple, Gemini, PayPal and Paxos. The new update reinforces Mastercard’s strategy of using the partner network to support stablecoins as an alternative payment rail while continuing broader blockchain-based payment functions including card programs, merchant acceptance, cross-border settlement, business-to-business payments and global payouts.
- stablecoin payments: Payments made using stablecoins, which are digital assets designed to maintain a relatively stable value, often by tracking a fiat currency.
- cross-border settlement: The process of finalizing payments between parties in different countries, including the transfer and reconciliation of funds.
- merchant acceptance: The ability of businesses to accept a particular payment method or network for customer transactions.