Mastercard Partners with Polygon (MATIC) for Enhanced Self-Custody Wallet Usernames
Peter Zhang Nov 18, 2025 10:39
Mastercard expands its Crypto Credential initiative by partnering with Polygon (MATIC) to offer verified username-based transfers for self-custody wallets, aiming to simplify user experience and enhance security.
Mastercard has announced the expansion of its Crypto Credential initiative to include self-custody wallets, selecting Polygon (MATIC) as the pioneering blockchain network to implement this feature. This strategic partnership aims to replace complex wallet addresses with user-friendly, verified usernames, according to Polygon Technology.
Enhancing Self-Custody with Verified Usernames
In collaboration with Mercuryo, Mastercard is set to introduce verified, username-based transfers that simplify the user experience by replacing intricate wallet addresses with straightforward aliases. This development is expected to enhance the security and intuitiveness of self-custody wallets, making them more accessible for users globally.
The initiative integrates a trusted verification layer into self-custody, enabling users to maintain complete control over their wallets while enjoying a familiar method of sending and receiving digital assets. This marks a significant step towards mainstream adoption of self-custody solutions.
Streamlined User Experience
The Mastercard Crypto Credential initiative facilitates a seamless user experience, akin to traditional financial transactions. Once verified through Mercuryo, users can link their self-custody wallets to their username-style aliases, allowing them to receive assets easily. Additionally, users can opt to mint a soulbound credential on Polygon, indicating their verified status across the network.
This approach eliminates the need for users to manage complex hexadecimal addresses, offering a more intuitive interaction with blockchain technology.
Polygon's Role and Advantages
Polygon was chosen for its robust infrastructure, which mimics the characteristics of a global payments network. Key features include ease of integration, reliability, low transaction fees, and rapid settlement times. The network's recent upgrades, such as the Rio and Heimdall v2, have further enhanced its capabilities, ensuring high throughput and minimizing risks.
With billions in stablecoin transactions already processed monthly, Polygon's infrastructure is well-positioned to support the expansion of Mastercard's Crypto Credential initiative, providing a reliable and scalable solution for global payments.
Future Prospects
Mastercard's collaboration with Polygon signifies a broader trend of integrating blockchain technology into global payment systems. As institutions prioritize reliability, trust, and efficiency, Polygon's architecture continues to meet these demands, paving the way for widespread adoption of on-chain payment solutions.
This partnership underscores the growing importance of blockchain in transforming financial services, with Mastercard and Polygon at the forefront of this evolution.
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