Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Tuesday Nov 18 2025 11:10
1 min
Mastercard is taking a significant step towards simplifying and securing cryptocurrency transactions by expanding its Crypto Credential program to self-custody wallets. This initiative allows users to transact with cryptocurrencies using verified, human-readable aliases, mitigating the risk of errors associated with copying long and complex wallet addresses.
Polygon will be the first blockchain to support this innovative program, while payments firm Mercuryo will handle identity verification and issue the aliases to users. This collaboration aims to make cryptocurrency transactions more accessible and secure for individuals.
Raj Dhamodharan, executive vice president of blockchain and digital assets at Mastercard, stated that Crypto Credential is designed to build trust in digital token transfers by streamlining wallet addresses and adding meaningful verification. Once verified by Mercuryo, users can link a user-friendly alias to their self-custody wallet or request a soulbound token on Polygon, verifying wallet ownership.
Mastercard aims to make self-custody cryptocurrency transfers safer by reducing errors caused by copying lengthy hexadecimal addresses. The system is designed to function more like traditional payment rails, providing a more familiar experience for users.
Marc Boiron, CEO of Polygon Labs, noted, "This partnership marks the moment when self-custody becomes simple."
Mastercard has been accelerating its cryptocurrency strategy throughout 2024 and 2025, launching debit cards with Kraken across Europe and partnering with MetaMask on a self-custody payments card. In June, Mastercard partnered with Chainlink to enable its three billion cardholders to buy crypto directly onchain, marking one of the credit-card giant’s largest steps into Web3.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Tuesday, 12 May 2026
4 min
Monday, 11 May 2026
6 min
Monday, 11 May 2026
4 min
Thursday, 14 May 2026
Indices
Gold Price Today, May 15: XAU/USD Consolidates in $4,650–$4,690 Range Amid Fed Policy Uncertainty
Thursday, 14 May 2026
Indices
Korean Stock Market Crash: Samsung and SK Hynix Power KOSPI to Record Highs
Wednesday, 13 May 2026
Indices
Gold price today, May 14: XAU/USD near $4,700, gold steady ahead of Trump-Xi talks
Tuesday, 12 May 2026
Indices
Record Inflows Pour into South African Markets Amid Reform Momentum: $42 Billion Foreign Investment Surge
Tuesday, 12 May 2026
Indices
Gold Price Today, May 13: Gold Plunges Below $4,700 as Hot US CPI & Surging Oil Crush Rate-Cut Hopes
Monday, 11 May 2026
Indices
Latest ETF News Highlights: BTC Price (BTC/USD) Holds at $81,500 Amid Strong Bitcoin ETF Inflows
Monday, 11 May 2026
Indices
Gold Price Today, May 12: XAU/USD Rises Sharply After Fed Cut Live Gold Price at $4,750
EN
