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As we always say at Valuechain, "Cryptopayments are the future of payments". Here's another major card payment actor entering the cryptopayments industry. Mastercard partnered with Mercado Libre Payment Service Provider to solve the needs of customers and make cryptopayments in Brazil.
Ajay Bhalla, President of Cyber & Intelligence at Mastercard stated that “The potential for cryptocurrencies to change our everyday experiences is massive”. But also believes that every interaction and experience must be protected.
Mastercard contribution will be through CipherTrace that it acquired in 2021 to actively enter the crypto space. It will strengthen the security and compliance requirements of Mercado Libre accepting cryptocurrencies in payments.
Mercado libre also has plans to help with the development of new platforms to test and support Central Bank Digital Currency programs around the broader use of blockchain technology, NFTs, and offer the potential to support select fiat-backed stablecoins directly on its network.
If you are also interested in accepting cryptocurrencies transactions get in touch with us at Valuechain to find the best cryptopayment solutions.
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