The Future Of On-Chain Payment Will Improve With The Crypto Credential FrameWork
The master card crypto credential frame is something which is new to the world of payments system and on chain transactions which aptos labs is teaming up with the payment giant to make this possible. Aptos which is referred to as ethereum rival and also a layer 1 blockchain says that it’s aim as regards this recent development is to establish a standard in blockchain networks interaction.
Highlighting the use cases of this frame work which is; payment remittances which happens to be first and what the payment giant is well known for and also payment solutions. From the published notes which they said that the future of identity is Web3 – and Aptos Labs is partnering with Mastercard to make that future a reality with Mastercard Crypto Credential, an on-chain identity and verification framework with a variety of applications in payments, remittances, ticketing, and NFTs.
Aptos Labs speaking about their role in the project as said that they will help in facilitating cross border remittances/ payments in their own words; As a Mastercard Crypto Credential partner, Aptos Labs will support the infrastructure for identity, security, trust, and verification tools that enable the free flow of funds between individuals and across borders.
Beyond payments, our partnership with Mastercard will continue to expand the utility of identity-oriented Web3 solutions to use cases like NFTs, ticketing, enterprise, and more – so stay tuned.
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Posted Using LeoFinance Alpha