Mastercard Leverages Polygon & Mercuryo for Self-Custody Crypto Transfers

Mastercard has partnered with Mercuryo and Polygon to enable self-custody wallets to utilize alias-based transfers, enhancing user experience in the crypto space. This new partnership expands Mastercard’s Crypto Credential system, offering users a streamlined method of interacting with digital assets while maintaining verification standards. Mercuryo verifies user identities through KYC checks before assigning unique aliases, while **Polygon** will handle the blockchain infrastructure. Users can effortlessly receive crypto using these simplified aliases instead of complex wallet addresses. [More details about how the system works can be found in the article.] This innovation marks a significant step towards empowering users with greater control over their crypto assets and aligns with Mastercard’s broader web3 initiatives, aiming to establish consistent standards for various blockchain applications.