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Mastercard has launched a new pilot program in Europe and Latin America to simplify peer-to-peer cryptocurrency transactions. The Mastercard Crypto Credential service aims to make it easier and more secure for users to send and receive digital currencies, without the need for complex blockchain addresses. The service is available in over ten countries and will allow for cross-border and domestic transfers across multiple currencies and blockchains. Mastercard plans to expand the program to over 7 million users in the coming months, with the goal of supporting various use cases, including NFTs, ticketing, and other payment solutions. The company also aims to ensure transparency and prevent illicit activities by adhering to regulatory requirements.
