Mastercard Crypto Credential FAQs
Updated on
Wed, 29 May, 2024 at 8:40 PM
Mastercard Crypto Credential establishes a set of common standards and infrastructure to help secure a way for trusted, compliant and verifiable transactions to take place on public blockchain networks.
- What is Mastercard Crypto Credential?
The crypto credential is an easy to remember, straightforward alias to help consumers share wallet addresses with one another.
- Where can I use Crypto Credentials?
The Crypto Credentials service can be used to both deposit and send funds between the Bit2Me, Lirium and Mercado Bitcoin exchanges.
- What tokens are supported by Crypto Credentials?
The tokens available to send and receive funds are Bitcoin, Ethereum, Litecoin, Bitcoin Cash and BNB.
- Why use Mastercard Crypto Credential?
A simple alias, as opposed to a wallet address, helps to improve the consumer experience and reduce the possibility of errors when shipping, receiving cryptocurrencies from external wallets or storing cryptocurrencies on a public blockchain network.
- How does a Mastercard Crypto Credential affect blockchain addresses?
The alias and a blockchain address have the same function. The alias is just a simplified version of the blockchain address. A Crypto Credential alias does not remove or modify any existing blockchain address.
- Who is eligible to sign up for a Mastercard Crypto Credential?
Any consumer who sends, receives or stores crypto on a public blockchain network can register for a Mastercard Crypto Credential.
- Does Mastercard Crypto Credential charge a fee to sign up?
No, there is no fee associated with registering for a Mastercard Crypto Credential.
- Is Mastercard involved in crypto transactions?
Mastercard is not involved in sending, receiving or securing crypto. All digital asset transactions are handled by the exchanges.
- What is Mastercard’s role?
Mastercard establishes a set of standards and infrastructure that allows secure, trusted and compliant transactions before the crypto is exchanged between participants. In addition, a Mastercard Crypto Credential username gives consumers the convenience and security they need to confidently transact on the blockchain.
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