MasterCard extending Crypto Credential solution to self-custody wallets

Vicki Hyman, Director, Global Communications, at Mastercard (MA) stated in a post to the company’s site: “Sending crypto has often felt like navigating a maze – long strings of letters and numbers, zero room for error, and a lack of reassurance that your funds will go where they should. This confusion and hesitancy can breed distrust, creating a barrier to widespread adoption of digital assets. That prompted Mastercard to launch its Crypto Credential solution, bringing simple, verified aliases to crypto exchange wallets and a growing network of trusted users… Now Mastercard, together with Mercuryo, the global payments infrastructure platform, and leading blockchain network Polygon Labs, is extending Mastercard Crypto Credential to include self-custody wallets. Unlike with wallets on centralized exchanges, self-custody wallets allow users to maintain full control of their private keys and digital assets, but also places upon them the onus of securing and protecting their assets themselves, with no recourse if a crypto payment accidentally goes astray. Mastercard Crypto Credential will make self-custody wallet transactions more intuitive and less prone to error – strengthening security, boosting choice and, perhaps most crucial, fortifying trust in the digital assets ecosystem.”