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Mastercard Teams Up With MoonPay for Web3 Push

Mastercard has teamed up with MoonPay, a cryptocurrency and non-fungible tokens (NFTs) payments app, to explore how the blockchain-based Web3 world can connect with and build loyalty among consumers, the companies said at the Money20/20 event in Las Vegas. Card networks like Visa and Mastercard have been busy around Web3, working on areas as diverse as stablecoin-based payments and removing gas fees from Ethereum transactions. Most recently, Mastercard was revealed to be working with non-custodial wallet firms MetaMask and Ledger, according to a Web3 workshop presentation. The partnership allows MoonPay to avail itself of Mastercard’s Crypto Credential system.


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