Mastercard Crypto Credential

Mastercard Crypto Credential is a solution that makes crypto transactions simpler and safer by replacing complex blockchain addresses with easy-to-use usernames (such as the user email or phone number) and establishes minimum standards that VASPs need to follow, so transfers happen securely and accurately

Users send and receive crypto by entering their registered username (such as email or phone number) instead of a long blockchain address. Mastercard Crypto Credential checks asset and chain compatibility and shares the necessary details with VASPs to complete the transaction securely.

It builds trust by verifying participants and enforcing compliance standards. By using usernames instead of error-prone wallet addresses and validating compatibility, Mastercard Crypto Credential reduces fraud and makes crypto payments more reliable.

Mastercard Crypto Credential provides a clear governance framework and identity verification standards. This helps VASPs meet regulatory requirements efficiently while maintaining a secure environment for crypto transactions.

To become a Mastercard Crypto Credential participant, VASPs need to apply to join the network, undergo compliance checks, and integrate technical components for credential issuance and secure data exchange and accept the relevant Participation Term. After testing, they can go live and start offering the service.

Users register with a participating VASP that is a Mastercard Crypto Credential Participant, complete identity verification, and register with their Crypto Credential username. Once set up, they can send and receive crypto securely within the trusted network.

Users can register into Crypto Credential from: Ataix, Bit2me, Biteeu, Bybit Mercado Bitcoin and Lulubit. For Selfcustodial wallets European and US Users can go to Mercuryo.io to sign up for Crypto Credential. Crypto Credential has also announced partnerships with other VASPs such as Coins.ph and Wirex. If your VASP does not offer Crypto Credential you can ask them to enable it.

Mastercard Crypto Credential helps to prevent fraud by verifying all Mastercard Crypto Credential participants and enforcing on them the compliance standards. When in use, It also replaces complex blockchain addresses with usernames, reducing errors, and increasing confidence in every transaction.

Mastercard Crypto Credential offers a simple, secure way to send and receive crypto. Users benefit from an intuitive experience backed by Mastercard’s reputation for trust and reliability.

VASPs gain a competitive edge by offering a secure, user-friendly experience with Mastercard Crypto Credential. The solution simplifies compliance and connects them to a trusted network that drives growth and customer confidence.

Mastercard Crypto Credential replaces long blockchain addresses with short usernames and checks compatibility between participants. This reduces errors and makes transactions faster and easier.

The Mastercard governance framework sets clear standards for identity verification, compliance, and interoperability. This ensures consistency and trust across the entire network.

Mastercard Crypto Credential is chain and asset agnostic. It enables secure transfers while ensuring compatibility between the sender and receiver for a smooth experience.