Mastercard Pursues Crypto Advancements with Trademark Application

Mastercard pursues cryptocurrency advancements

Mastercard, a leading payments giant, has recently filed a trademark application signaling its active pursuit of advancements in the crypto and blockchain space. The company aims to develop software that facilitates seamless cryptocurrency transactions and connects virtual asset service providers. By creating a network that streamlines interactions and verification using blockchain networks, Mastercard intends to enhance the efficiency of crypto exchanges. This move demonstrates Mastercard's commitment to embracing the evolving crypto landscape, following its acquisition of Ciphertrace and partnerships with Uphold and Gemini to enable cryptocurrency transactions with their credit cards. In contrast to Visa's cautious approach, Mastercard's proactive stance showcases its determination to stay at the forefront of the crypto industry's growth.