Mastercard partners with Polygon to build a new encryption transfer system.

2025-11-18 09:51:23

According to Mars Finance news on November 18, Coindesk reported that Mastercard has chosen Polygon to build a new type of crypto transfer system, allowing for cryptocurrency transmission using readable usernames instead of complex wallet addresses. According to a press release from Mastercard, its “crypto credential” technology standardizes blockchain address verification by creating human-readable aliases for verified users. The crypto payment API company Mercuryo will be responsible for identification and alias distribution, allowing users to bind these aliases to self-hosted wallets. This model mimics the operational logic of applications that transfer funds using usernames rather than bank account information, with the system assigning a unique name that can be linked to a wallet for users. Users can also apply to generate credential tokens on Polygon, which showcase their wallet's support for verified transfer functions and assist applications in completing credential-based transaction routing.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.