Mastercard, Polygon Labs, and Mercuryo revealed that the Mastercard Crypto Credential is now expanding to self-custody wallets.
Mastercard turned to Polygon to underpin Crypto Credential, leveraging the Proof-of-Stake chain’s efficient settlement and low transaction costs.
Mastercard is expanding its Crypto Credential system to support self-custody wallets, with Polygon becoming the first blockchain network to enable verified, human-readable aliases.
Through this expansion, Mastercard Crypto Credential standardizes blockchain address verification by replacing long, complex wallet addresses with simple, username-style identifiers that are tied to verified individuals.
According to the press release, Mercuryo, a fintech company that helps bridge the crypto world and the traditional (fiat) financial system, enables these human-readable aliases to make crypto transfers more intuitive.
This also helps in reducing common errors caused by copying and pasting long addresses and introduce
