TL;DR
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A whole bunch of European and Latin American countries are going to get access to Mastercard’s brand new feature, ‘Crypto Credentials,’ which lets you send BTC to a normal sounding address (e.g. @web3daily).
Full Story
2.7 Billion.
That’s how many new people could be onboarded into crypto with this new innovation by Mastercard.
(Well, sorta – hear us out).
There are 2.7B people in the world who have a Mastercard credit card.
And soon, a whole bunch of European and Latin American countries are going to get access to their brand new feature: ‘Crypto Credentials.’
You know how a typical address when sending crypto is some random combo of number and letters like this? 1iVGyMIj0xoWNoWAS3i4vARijBQDWoqBCJ
Well, Mastercard’s Crypto Credentials turns that 👆 into this 👉 @Web3Daily.
And yeah, the ENS has existed for a while allowing people to send transactions on Ethereum to normal sounding wallets (e.g. web3daily.eth), BUT, this is specifically for BTC transactions.
Here’s why this is exciting:
Okay so we got kind of ahead of ourselves when we said it would onboard 2.7B people into crypto…
But even a fraction of a percent would have a meaningful impact in these early(ish) days.
More importantly, we love to see a huge traditional finance company define, develop, and take to market, an innovation specifically focused on the crypto space.
That, my friends, is called progress.
