Mastercard Expands Blockchain Network: Bridging Traditional Finance and DeFi

Mastercard, one of the world's largest payment companies, continues to expand its blockchain infrastructure, advancing initiatives aimed at facilitating transactions between fiat currencies and digital assets. This move comes amid growing demand for solutions that connect traditional finance with the crypto and DeFi sectors.

One of the main goals of this expansion is to create a regulatory-compliant infrastructure that offers a seamless user experience, similar to Venmo and Zelle in the U.S. Mastercard leverages its expertise in payments to simplify blockchain interactions, aiming to integrate banks and merchants into this network.

This project is part of the Multi-Token Network (MTN), a blockchain solution launched in 2023 that facilitates interaction between different types of digital assets and financial institutions. Another complementary product is the Crypto Credential System (CCS), which removes the need for wallet addresses, allowing transactions based on aliases.

Through these initiatives, Mastercard positions itself as a key player in integrating blockchain into global financial systems, addressing the increasing need for security, compliance, and accessibility.