Mastercard to allow crypto payments in Web3 via USDC settlements

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Mastercard to allow crypto payments in Web3 via USDC settlements
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  • 📰 Cointelegraph
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There are some things money can't buy in Web3. However, Mastercard-Immersve partnership is about to change that!

Instead, Immersve will partner with a third-party settlement provider and allow its users to use USDC for all purchases. Once the transaction is successful from the user’s end, USDC will get converted to fiat before settling on Mastercard’s network.Users will be able to access the feature through popular Web3 wallets and use their private keys to approve payments.

“Collaborating with a well-known and trusted brand like Mastercard is a big step towards mainstream adoption of web3 wallets.”protocols can integrate into Immersve’s APIs and smart contracts to transact anywhere Mastercard is accepted.

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