Stellar (XLM) and Mastercard join forces to implement Crypto Credential and enhance blockchain transaction security 🌐

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Stellar (XLM) has announced a partnership with Mastercard to introduce verified interactions on its blockchain network.

At the Meridian 2024 conference, the Stellar Development Foundation revealed its collaboration with Mastercard to integrate their crypto identification solution into the Stellar ecosystem.
The partnership aims to ensure safe and regulated transactions, such as international remittances and P2P transactions, supported by crypto wallets including Mercado Bitcoin and Wirex.
Denelle Dixon, head of the Stellar Development Foundation, stated that this will improve accessibility and security of blockchain technology. Raj Dhamodharan from Mastercard noted that the partnership contributes to the creation of a safer and simpler digital asset ecosystem.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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