Mastercard has launched a new global program that brings together crypto companies, banks and payment providers to work on blockchain-based payments and settlement systems.
The program includes more than 85 companies from across the digital asset and payments sectors. Its goal is to help connect blockchain networks with existing financial infrastructure as crypto plays a bigger role in cross-border payments, business transfers and other financial services.
Participants include exchanges, blockchain platforms and infrastructure firms such as Binance, Circle, Gemini, Paxos, Ripple, PayPal, Polygon, Solana, Crypto.com, MoonPay, Fireblocks and Canton Network.
Mastercard said the group will focus on practical uses for blockchain, including moving money across borders, settling transactions and improving commercial payments.
The launch adds to wider efforts by major payment companies to bring digital assets and stablecoins into mainstream finance.
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