XRP Rival Stellar (XLM) Announces New Partnership With Mastercard To Aid Consumers and Businesses
XRP rival Stellar (XLM) is partnering with Mastercard’s crypto payment solution. Mastercard Crypto Credential aims to verify interactions between consumers and businesses using blockchain networks. The product enables payers to send crypto using a recipient’s email address, rather than a long blockchain address. Stellar and Mastercard are partnering to enable remittances and peer-to-peer transfers by embedding Crypto Credential in the blockchain’s ecosystem, per a new press release. Explains the Stellar Development Foundation, “As an extension of the partnership, Mastercard and Stellar will explore how Mastercard’s wide range of services can be leveraged on the Stellar network, opening doors for additional new and innovative applications of blockchain technology. The partnership will make Mastercard Crypto Credential available for the exchanges and digital asset wallet providers Coins.ph, Mercado Bitcoin and Wirex. Coins.ph CEO Wei Zhou says the collaboration