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MoonPayPresident of EnterpriseKeith Grossmanand MastercardMA Chief Marketing & Communications OfficerRaja Rajamannar announced apartnership 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 Assetsconference scheduled in New York on Nov. 14.
Attend and learn more about Mastercard and Visa company developments as speakers from the companiesjoin 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 cryptocurrencyand non-fungible token payments app, and the partnership will enable it to use Mastercard'sCrypto Credential system, an avenue to ensuretransactions are trusted and compliant with regulations, and also integratepayments technology like Mastercard Send and Click to Pay, according to the crypto company.
Otherlife, MoonPays subsidiarythat 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 Web3s developments and partnerships with traditional companies for expanding reach. Meet and engage with other transformativeDigital Asset and Cryptobusiness leaders and investors at Benzinga's exclusive event:Future of Digital Assets. Tickets are flying:Get yours!
Competitor Visas Efforts In Web3
In early September, Visa Inc V extended its stablecoin settlement capabilities to the Solana blockchain by collaborating with major merchant acquirersWorldpay and Nuvei. The company recently partnered with the Bitcoin rewards appFold to expand its ongoing partnership toserve as the exclusive network partner for Fold's prepaid debit products in North America, Europe, Latin Americaand the Caribbean.
Read Next: Visa, Mastercard Shares Are Moving Lower: What's Going On?
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