Mastercard-MoonPay will launch Stablecoin Payment Service

Digital currency and blockchain technology are expanding rapidly around the world and now the giant name Mastercard has joined this race. Recently, Mastercard has made a big announcement by partnering with MoonPay, under which both the companies are going to start Stablecoin Payment Card Services together. This partnership will play an important role in reducing the gap between traditional finance and crypto technology.

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Strong infrastructure built with MoonPay and Iron

Under this initiative, Mastercard is using the technical capability of a stablecoin payment firm called Iron acquired by MoonPay. With the help of this technology, stablecoin transactions can be converted into fiat currency (such as dollar, euro etc.) without any interruption. This solution will not only facilitate easy payment to the users, but traders and service providers will also be able to trust it.

MoonPay is already a strong name in the fintech industry and the acquisition of Iron has given new strength to its stablecoin related services. Now with Mastercard's global reach and MoonPay's technical expertise, this service is set to emerge as a global payment solution.

Strategy to take advantage of the growing popularity of Stablecoin
Confidence in Stablecoin is steadily increasing among investors and businesses. While Bitcoin and other cryptocurrencies are facing extreme volatility, Stablecoin is increasingly being adopted as a payment gateway and transaction medium due to its stability.

This move by Mastercard and MoonPay is in the direction of capitalizing on the same market demand. The special thing is that this payment service will now be made available to about 150 million merchants, making the use of Stablecoin possible in the mainstream transaction system.

Mastercard moves forward despite regulation uncertainty
However, the rules and laws regarding Stablecoin in the US are still not completely clear. Recently the GENIUS Act could not be passed in the Senate, due to which there is a possibility of delay in Stablecoin Regulation. Commenting on this, XRP lawyer John Deaton warned that if this pace continues, the crypto improvement could be delayed till 2029.