Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
Payments giant Mastercard is exploring how best to collaborate with self-custody wallet firms like MetaMask and Ledger, according to a Web3 strategy workshop report seen by CoinDesk.
But wallet firms face significant demands on resources when introducing a card in a new region, which is where Mastercard and its issuance partners come in. The 57-year-old payments technology firm also said it is evaluating “new models for global issuance using stablecoin on chain settlement” and “inexpensive fast chains,” according to the deck.
Large credit card networks are moving ahead with crypto despite tough market conditions and regulatory uncertainty in places like the U.S. Earlier this year, Mastercard made clear its Engage program will focus onMastercard will release a set of franchise standards, or rules for partner firms, to ensure consumer protection, price competition and transaction monitoring requirements, according to the deck.
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