Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay.<\/p>\n
MoonPay officially announced<\/a> on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve experiential marketing or find new ways to connect with Mastercard\u2019s consumers.<\/p>\n The firm also took to X (formerly Twitter) to report that MoonPay\u2019s enterprise president, Keith Grossman, and Mastercard\u2019s chief marketing and communications officer, Raja Rajamannar, announced the collaboration at Money20\/20 in Las Vegas.<\/p>\n \u201cMastercard will take advantage of MoonPay\u2019s entire Web3 portfolio, including auth to minting to ETHPass and more as well as work closely with our agency, Otherlife, for strategy, creative and front-end dev work for their experiential initiatives,\u201d Grossman wrote<\/a> in a post on LinkedIn.<\/p>\n Apart from new Web3 consumer experiences, MoonPay will also work to integrate Mastercard products and solutions to increase compliance and trust across the Web3 industry. MoonPay will specifically be incorporating Mastercard\u2019s tools like \u201cClick to Pay,\u201d Mastercard Send and Mastercard Crypto Credentials into its payment solutions.<\/p>\n Related: <\/em><\/strong>Mastercard announces successful wrapped CBDC trial results<\/em><\/strong><\/a><\/p>\n \u201cWe\u2019re so grateful for the partnership and even more excited about what\u2019s ahead. Congrats to the full team,\u201d Mastercard\u2019s Web3 marketing Adam Polansky commented on Grossman\u2019s post.<\/p>\n \u201cWe are excited about this partnership and what\u2019s to come,\u201d Mastercard\u2019s partnership executive Elizabeth Taylor also wrote.<\/p>\n Mastercard had not yet officially announced the news at the time of writing. The firm did not immediately respond to Cointelegraph\u2019s request for comment.<\/p>\n Mastercard has been actively exploring the blockchain and crypto industry, adding multiple industry products to its platform in recent years. In 2022, Mastercard launched a new program to allow banks to offer crypto trading capabilities<\/a> to their customers in collaboration with Paxos. Mastercard also collaborated<\/a> with Coinbase and MoonPay to bring its payments to Web3 and nonfungible tokens.<\/p>\n Magazine: <\/em><\/strong>Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula E<\/em><\/strong><\/a><\/p>\n<\/div>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-10\/7ff70dc4-a107-4ca7-8e7d-0ecf18d07f85.png\")