Mastercard's Second Collab For The Day: MoonPay Partnership For Exploring Web3

MoonPay President of Enterprise Keith Grossman and Mastercard MA Chief Marketing & Communications Officer Raja Rajamannar announced a partnership Wednesday for exploring how Web3 tools can enhance experiential marketing and connect with consumers in multiple ways. 

For more such partnerships and collaborations do not miss Benzinga's Future of Digital Assets conference scheduled in New York on Nov. 14.

Attend and learn more about Mastercard and Visa company developments as speakers from the companies join as panelists for some discussions.

Also Read: Economic Safari: Visa And Mastercard's Big Bet On Africa's Digital Wallets As E-commerce Growth Picks Up

MoonPay is a cryptocurrency and non-fungible token payments app, and the partnership will enable it to use Mastercard's Crypto Credential system, an avenue to ensure transactions are trusted and compliant with regulations, and also integrate payments technology like Mastercard Send and Click to Pay, according to the crypto company. 

Otherlife, MoonPay’s subsidiary that provides Web3 creative agency services, development, strategy, and experiential services, will play a key role in the partnership.

In early 2023, Mastercard announced the Mastercard Artist Accelerator, a Web3 and music education platform allowing musicians to create, collaborate, and monetize their work using Web3 tools and resources. Earlier Wednesday, Mastercard also announced its partnership with non-custodial wallet firms like MetaMask and Ledger.

Find out more about Web3’s developments and partnerships with traditional companies for expanding reach. Meet and engage with other transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event: Future of Digital Assets. Tickets are flying: Get yours!  

Competitor Visa’s Efforts In Web3

In early September, Visa Inc V extended its stablecoin settlement capabilities to the Solana blockchain by collaborating with major merchant acquirers Worldpay and Nuvei. The company recently partnered with the Bitcoin rewards app Fold to expand its ongoing partnership to serve as the exclusive network partner for Fold's prepaid debit products in North America, Europe, Latin America and the Caribbean.

Read Next: Visa, Mastercard Shares Are Moving Lower: What's Going On?

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