Mastercard partners with crypto payment company MoonPay to advance Web3 business

ChainCatcher news, according to CoinDesk, Mastercard announced at the Money20/20 event in Las Vegas that the company has partnered with the cryptocurrency and NFT payment application MoonPay to explore how the blockchain-based Web3 world can connect with consumers and build loyalty. This collaboration enables MoonPay to leverage Mastercard's crypto credential system, which is a way to ensure transactions are trustworthy and compliant, and integrates payment technologies such as Mastercard Send and Click to Pay. Additionally, MoonPay's subsidiary Otherlife, which provides Web3 creative agency services, development, strategy, and experience services, will play a key role in this collaboration.