Mastercard, the global card issuer and payment giant, is looking to team up with self-custody wallet providers to expand Web3’s reach. The two leading wallets, MetaMask and Ledger are among its strategic partners.
According to reports, Mastercard said that the collaborations could bring benefits to the card issuer and the cryptocurrency wallets. Data shows that Mastercard has over 1 billion credit cards in circulation worldwide.
That said, working with Mastercard helps wallet partners gain access to its large and established customer base while Mastercard could improve customers’ experience by offering them more crypto-related payment options.
Apart from these advantages, collaborations can also help to accelerate the adoption of Web3 and cryptocurrencies. MasterCard and its issuance partners can help crypto wallet firms overcome resource constraints by providing essential infrastructure and expertise.
