The transaction is expected to close before the end of 2021
Mastercard acquires CipherTrace to enhance crypto capabilities. Source: shutterstock.com
Mastercard has announced the acquisition of CipherTrace, a cryptocurrency intelligence company with insight into over 900 cryptocurrencies.
The integrated offering will build on CipherTrace’s suite of digital assets and Mastercard’s cyber security solutions. It will provide businesses with greater transparency to help identify and understand their risks and to help manage their digital asset regulatory and compliance obligations.
The deal enables Mastercard to combine the technology, AI and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure. That allows customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations, as they build their own virtual asset offerings.
We’ve reported that Cardano announced smart contract upgrade.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
