Mastercard's Blockchain-Based P2P Transaction Pilot Takes Off

IconCryptoNewsTerminal Staff29 May, 2024

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Mastercard's Blockchain-Based P2P Transaction Pilot Takes Off

Mastercard has launched a pilot program for peer-to-peer (P2P) transactions using blockchain technology. This initiative aims to enhance the convenience and security of blockchain-based transactions by replacing complex wallet addresses with aliases. The pilot program is currently available on Bit2Me, Lirium, and Mercado Bitcoin, enabling users to send and receive cryptocurrencies seamlessly between Latin America and Europe. This collaboration showcases the potential of blockchain technology to bridge geographical boundaries and facilitate secure, transparent transactions. Mastercard's P2P pilot leverages blockchain networks to provide users with a user-friendly and secure platform for conducting blockchain-based transactions. By simplifying the process and enhancing accessibility, Mastercard aims to drive the adoption of blockchain technology and empower individuals with greater control over their financial transactions.

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