Mastercard Selects Polygon to Power Verified Username Transfers for Self-Custody Wallets
Global fee chief Mastercard, Polygon Labs and Mercuryo have introduced Tuesday they’re extending Mastercard Crypto Credential to self-custody wallets, including username-style aliases supposed to get rid of the necessity for lengthy alphanumeric pockets addresses.
Mastercard mentioned it selected Polygon as the primary blockchain to assist the initiative, pointing to the community’s pace, reliability and suitability for funds infrastructure. Mercuryo will function the preliminary issuer accountable for verifying customers and enabling the creation of recent Crypto Credential aliases.
Identity Verification Meets Human-Readable Wallets
Mercuryo sait it’s going to conduct identification checks and problem the aliases, which customers could bind to their wallets throughout the community. Users also can request a Crypto Credential soulbound token on Polygon, displaying onchain that the related pockets belongs to a verified person.
The shift away from prolonged hexadecimal pockets strings goals to cut back errors and enhance confidence in digital transactions. A single verified alias acknowledged throughout the Crypto Credential community brings blockchain utilization nearer to acquainted fee flows, mentioned the agency.
Polygon Positioned as Payments-Grade Infrastructure
Mastercard’s choice to use Polygon displays the community’s emphasis on scalability and predictable settlement. The Polygon Proof-of-Stake chain gives low transaction prices, high throughput and fast affirmation occasions appropriate for real-world fee exercise.
Recent upgrades—together with the Rio and Heimdall v2 releases—have strengthened finality ensures, mitigated reorganization threat and paved the best way for increased throughput. Polygon already handles a significant share of U.S. stablecoin transfers and helps a broad phase of neobanks and fintechs integrating digital asset rails.
Polygon Labs CEO Marc Boiron mentioned the partnership reveals how blockchain networks can meet the calls for of mainstream monetary providers, including that success will come as blockchain turns into “invisible” to finish customers.
Toward Mainstream Self-Custody and Onchain Payments
Mercuryo’s position in verifying customers and issuing credentials is meant to make self-custody wallets extra approachable, providing a clearer, user-friendly workflow for managing digital property.
The firms say enhancements in verification and person expertise are pushing self-custody past area of interest use instances towards broader client adoption.
Mastercard executives framed the initiative as a part of the agency’s ongoing effort to construct belief in blockchain-based transactions and ship intuitive digital asset experiences at scale.
The growth of Crypto Credential illustrates a broader business development during which funds, identification and blockchain infrastructure more and more overlap. As monetary establishments develop onchain capabilities, frameworks like Crypto Credential—and networks like Polygon—are serving to to outline the following technology of world funds.
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