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Mastercard has announced the launch of its Crypto Credential solution in the United Arab Emirates (UAE) and Kazakhstan, a move aimed at enhancing cryptocurrency transactions for users in these regions.
As part of this initiative, the payment giant is offering simple aliases that can be used to send and receive cryptocurrencies instead of complex blockchain addresses. This innovation is expected to boost transaction security, minimize errors, and ensure seamless asset compatibility.
Mastercard has collaborated with local exchanges such as ATAIX Eurasia, Intebix, and CoinMENA to bring this solution to the EEMEA (Europe, Middle East, Africa, and Eastern Europe) region. According to reports, this move is a significant step towards making cryptocurrencies more accessible, secure, and trustworthy.
In a statement, Mastercard’s Executive Vice President of Core Payments for EEMEA emphasized that the company’s goal is to revolutionize how people interact with digital assets.
Source: coinpedia.org
