Mastercard has launched 'Crypto Credential,' allowing users to send and receive cryptocurrencies using aliases instead of complex blockchain addresses.

This feature simplifies peer-to-peer blockchain interactions by verifying user identities and ensuring compatibility between digital assets and recipient wallets.

Initially available on select exchanges in Europe and Latin America, Mastercard plans to expand to over seven million users across participating exchanges.

The platform aims to enable secure and simple blockchain transactions, increasing transaction trust and certainty.

This initiative is part of a broader trend where traditional financial institutions are integrating blockchain technology and cryptocurrencies.

Visa is also exploring ways to enable Ethereum gas fee payments via its cards, indicating a commitment to enhancing cryptocurrency usability and accessibility.