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Mastercard to Bring a “Venmo-Like” Experience to Blockchain Payments

  • Mastercard plans to strengthen its blockchain-based network by simplifying global transactions among consumers, merchants, and financial institutions.
  • The company aims to create compliant, on-chain payment experiences similar to Venmo and Zelle by leveraging its scale.
  • Mastercard's initiative builds on the Multi-Token Network (MTN) and Crypto Credential System (CCS) to seamlessly bridge fiat and digital currencies.
  • The goal is to offer a fully compliant framework and consumer experience on the blockchain for simplified money flow.

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