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HomeNewsAPTOS (APT) Emerges as Solana's Latest Rival, Forges Alliance with Mastercard on...

APTOS (APT) Emerges as Solana’s Latest Rival, Forges Alliance with Mastercard on Revolutionary Web Identity Solutions

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    • Aptos Labs, the development entity behind L1 blockchain Aptos (APT), has partnered with Mastercard as part of the Crypto Credential program.
    • The program focuses on identification, authentication, ID management and security tools in the crypto-to-fiat conversion and transfer systems.

Aptos Labs partners with Mastercard for Crypto Credential program

Aptos Labs, the development entity behind L1 blockchain Aptos (APT), has partnered with Mastercard as part of the Crypto Credential program, a multi-product initiative designed to push the barriers of trust in crypto-to-fiat conversion and transfer systems. The program focuses on identification, authentication, ID management and security tools. Raj Dhamodharan, head of Mastercard’s blockchain and digital assets arm, stresses the importance of this program for making the global adoption of cryptocurrencies secure. Ava Labs, Polygon Labs and the Solana Foundation will also team up with Mastercard within the framework of this program.

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Pilot phase kicks off for Mastercard Crypto Credential program

The program’s pilot phase will focus on cross-border money remittances between the United States, Latin America and Caribbean countries. Earlier this year, card giant Mastercard already partnered with Polygon (MATIC), the largest EVM-compatible blockchain. The two teams will collaborate on a Web3 incubator for digital creators. With these partnerships, Mastercard is betting big on crypto integrations in 2023.

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Brian Johnson
Brian Johnson
A dedicated Bitcoin journalist passionate about uncovering the latest trends, developments, and innovations in the world of cryptocurrency, while delivering engaging and well-researched articles to inform and educate readers on the dynamic digital finance landscape.
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