Mastercard Unveils Crypto Network With Binance, Ripple

TLDR

• Mastercard launched a global Crypto Partner Program with more than 85 participating companies.
• The program includes Binance, Ripple, Circle, Gemini, PayPal, and Paxos.
• Mastercard said the initiative will support cross-border remittances and B2B transfers.
• The company aims to connect digital assets with its existing global payment network.
• Participants will collaborate on compliant and scalable blockchain payment solutions.

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Mastercard launched a global Crypto Partner Program on Wednesday with over 85 participating companies. The company said it formed the network to advance enterprise blockchain payment solutions. It confirmed participation from exchanges, fintech firms, blockchain developers, and global banks.

Mastercard Expands Crypto Network with Binance, Ripple, and Circle

Mastercard said the program includes companies such as Binance, Circle, Ripple, Gemini, PayPal, and Paxos. The company shared details through an official statement and an accompanying video announcement. It stated that the program will drive collaboration on enterprise-focused blockchain payment solutions.

The company said participants will work on cross-border remittances, B2B transfers, payouts, and settlement services. It explained that members will integrate digital asset capabilities with existing global payment rails.

Mastercard said the initiative reflects its strategy to align digital assets with established commerce systems. It added that the program focuses on practical execution and scalable solutions. The company stated, “The focus is practical execution: translating technical innovation into scalable, compliant use cases.”

The firm confirmed that participants will aim to support compliant and market-ready products. It said the solutions will operate across jurisdictions and integrate into everyday commerce. The company emphasized seamless integration with global commerce flows.

Mastercard also referenced its existing blockchain initiatives to support the program. It cited the Start Path blockchain accelerator track as a foundation for engagement. The company linked the initiative to its Engage platform’s Crypto Card program.

Mastercard Builds on Prior Digital Asset Partnerships and Acquisitions

Mastercard expanded its digital asset activities over the past year through partnerships and infrastructure efforts. In October, Cloudflare partnered with Visa, Mastercard, and American Express. The companies worked to build authentication standards for AI-initiated payments.

The authentication standards target transactions initiated by autonomous AI agents. Mastercard confirmed its participation in developing those standards. The initiative aims to support secure digital commerce transactions.

Later in October, Fortune reported that Mastercard planned to acquire Zerohash. The deal could total up to $2 billion, according to the report. Zerohash operates as a crypto and stablecoin infrastructure provider.

Zerohash, founded in 2017 and based in Chicago, supports banks and fintech firms. The company provides regulatory and technology tools for compliant crypto trading. It also supports stablecoin and tokenization project launches.

Consensys also partnered with Mastercard to launch a U.S. payment card for MetaMask users. The self-custodial card allows users to control digital assets until payment execution. Users can spend funds wherever Mastercard is accepted globally.

The MetaMask card offers cashback rewards in MetaMask’s mUSD stablecoin. Mastercard integrated the product within its existing card network. The company said the card connects digital assets to everyday commerce.

SoFi earlier announced plans to offer its SoFiUSD stablecoin for settlement. The company said it will use Mastercard’s global payments network for transactions. Galileo, SoFi’s technology platform, expects to support issuing banks with stablecoin settlement options.

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