Mastercard Partners With Polygon to Enable Crypto Payments for Consumers and Merchants

Source: CryptoNewsNet Original Title: Mastercard Partners With Polygon to Enable Crypto Payments for Consumers and Merchants Original Link:

Mastercard Leveraging Polygon for Crypto Payments

Mastercard has secured a strategic collaboration with the Polygon (POL) blockchain to enable crypto payments for its customers and merchants.

Mastercard chose the Polygon blockchain to launch username-based transfers for self-custody wallets. This integration is supported by Mercuryo, a global payment infrastructure platform that serves as a bridge between Web2 and decentralized Web3 finance.

The partnership focuses on expanding Mastercard’s Crypto Credential system to self-custody wallets. Mastercard plans to build blockchain-based infrastructures that allow consumers, merchants, and financial institutions to perform crypto transactions.

The initiative introduces verified, username-based transfers that replace long, complex blockchain wallet addresses with simple, human-readable aliases. This is similar to how users send money through a username on apps like Venmo and PayPal.

Mastercard provides the overall verification framework and Crypto Credential standard to build trust in blockchain transfers. Through the Mastercard Crypto Credential, users can onboard once, receive a verified username, link their wallet, and instantly access assets. They no longer need to copy a hexadecimal string, which simplifies the user experience and reduces the risk of mistakenly sending crypto to the wrong address.

Mastercard selected Polygon as the first blockchain network due to its low-cost infrastructure built for speed, reliability, and scalability. Mercuryo will onboard verified users and issue credentials, while Polygon provides the blockchain rails.

Mastercard Moves Deeper into Crypto

This initiative is part of Mastercard’s broader expansion into the crypto sector.

Mastercard formed a collaboration with Ripple Labs and a certain compliance platform to pilot a new method of settling credit card transactions using stablecoin infrastructure on blockchain networks. The integration aims to streamline and enhance global payment systems by replacing traditional behind-the-scenes bank transfer processes.

Mastercard also integrated with Chainlink via Swapper Finance to give billions of cardholders a direct path into DeFi deposits.

Polygon has recorded a wave of partnerships in 2025. Calastone, a leading global funds network, linked its Tokenised Distribution platform with the Polygon network, enabling tokenised fund transactions to operate directly on blockchain infrastructure.

Revolut also integrated Polygon to enable instant stablecoin transfers and expand POL trading and staking for users. The Revolut app now supports stablecoin-based trading and payments using Polygon’s blockchain, with over 65 million users across 38 countries.