- Mastercard is extending its Crypto Credential system to self-custody wallets through partnerships with Polygon and Mercuyo.
- The company is expanding its presence in the cryptocurrency space through collaborations with Ripple, Chainlink, Revolut, and other blockchain platforms..
Mastercard, an American multinational financial services company, has secured a strategic partnership with Polygon (POL) blockchain. Leveraging this partnership, Mastercard will enable customers and merchants to pay with cryptocurrencies.
Mastercard leverages Polygon for crypto payments
as disclosed Posted by X, Mastercard selects Polygon blockchain to launch username-based money transfers for self-custodial wallets. This integration is supported by Mercuryo, a global payments infrastructure platform that acts as a bridge between Web2 Finance and decentralized Web3 Finance.
The central vision of this partnership is for Mastercard to extend its crypto credential system to self-custody wallets. Essentially, Mastercard plans to build a blockchain-based infrastructure that will allow consumers, merchants, and financial institutions to conduct cryptocurrency transactions.
This initiative introduces verified username-based transfers that replace long and complex blockchain wallet addresses with simple human-readable aliases. This is similar to how users send money via their username in apps like Venmo and PayPal.
Mastercard provides a holistic verification framework and crypto credential standards to build trust in blockchain transfers. Through the Mastercard Crypto Credential, users can onboard once, receive a verified username, link to their wallet, and gain instant access to their assets.
You no longer need to copy the hex string again. as explained In our previous post, we said that this initiative will simplify the user experience and reduce the risk of accidentally sending crypto to the wrong address.
mastercard selected polygon Our low-cost infrastructure built for speed, reliability, and scalability makes us the first blockchain network chosen to support payments.
Meanwhile, Mercuryo onboards authenticated users and issues credentials, and Polygon provides blockchain rails.
Raj Damodaran, Executive Vice President of Blockchain & Digital Assets at Mastercard, previously commented on the initiative. He said Mastercard Crypto Credential builds trust in digital token transfers by streamlining wallet addresses and adding meaningful verification.
Mastercard moves deeper into cryptocurrencies
Notably, this new initiative is just one of Mastercard’s recent expansion moves in the crypto space.
In recent research, reported Mastercard has teamed up with Ripple Labs and Gemini to pilot a new way to settle credit card transactions. The company aimed to use the RLUSD stablecoin on the XRP Ledger to streamline and strengthen the global payment system.
On the Gemini side, it links credit cards issued by WebBank to a blockchain-based payment network that completes transactions in RLUSD. This integration replaces the traditional behind-the-scenes bank transfer process.
In another cryptocurrency expansion move, Mastercard has integrated with Chainlink via Swapper Finance. as mentioned As mentioned in the previous news brief, this partnership aims to give 3.5 billion cardholders a direct path to DeFi deposits.
For Polygon, blockchain also recorded a wave of partnerships in 2025. In November, Calastone, the world’s leading fund network, linked its tokenized distribution platform to the Polygon network. Integration is enabled Tokenized fund trading operate directly About blockchain infrastructure.
Revolute is also integrated polygon Enables instant transfer of stablecoins and expands POL trading and staking for users. The Revolut app currently supports stablecoin-based transactions and payments using Polygon’s blockchain and has over 65 million users across 38 countries.
