Mastercard, one of the leading global payment networks, has announced a new way to support the growth of digital assets and blockchain technology as part of its Engage Affiliate Network.
The new path will enable businesses to launch and scale products that power the Web3 economy, such as crypto cards, stablecoins and decentralized applications.
Mastercard Engage is a program that connects potential card issuers with business partners who can provide suitable solutions and services. The program also offers access to Mastercard's global network, expertise, technology and resources. According to Mastercard, more than 150 Engage partners have helped their customers implement innovative solutions on more than 500 million accounts using Mastercard products and services last year.
The expanded Engage partner network, focused on digital assets, will enable crypto-to-fiat conversion capabilities as well as contribute to identifying partners that can assist in the launch of new cryptocurrency card programs.
Raj Dhamodharan, vice president of Blockchain and Digital Assets at Mastercard, said:
“ Mastercard is committed to co-innovation across the industry to provide access to crypto and blockchain technology. This not only unlocks potentials, but also provides more options in payment and trading.
The expanded Mastercard Engage network will help participants in the digital asset ecosystem and beyond achieve their goals at scale, with the safety and security that comes with the Mastercard brand.”
*Not investment advice.