Mastercard partners Immersve on Web3 crypto payments
Then, thanks to an Immersve partnership with a third-party settlement provider, the USDC stablecoin will be converted to fiat currency and settled on Mastercard’s network. Immersve is also tapping Mastercard Identity Services and CipherTrace technology to address KYC/AML, online fraud detection and blockchain analytics.Jerome Faury, CEO, Immersve, says: "Immersve is literally building bridges that make it possible for individuals to transact directly from their crypto wallet, anywhere Mastercard is accepted online.
"We want to bring the best of web3’s technology and values, to everyday payment experiences. But we also want to provide traditional guardrails, like the Mastercard network’s consumer protections, to crypto natives transacting online."
. Read more on finextra.com
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