Mastercard and Immersve Join Forces to Facilitate USDC Payments in Real and Virtual Spaces

The collaboration between Mastercard and Immersve aims to provide crypto payment solutions through USDC. The USD Coin, developed by Circle, acts as a stable digital currency linked to the dollar.

With this new feature, individuals will be able to transact using USDC at any merchant online that accepts Mastercard. Additionally, they will have the freedom to engage in crypto transactions across web3 environments like metaverses and decentralized applications.

What’s significant about this collaboration is that individuals will have the ability to utilize their own web3 wallets for transactions. payments directly in crypto Once a purchase is completed from the acquirers’ end, the USDC funds will be automatically converted into fiat currency.

To empower users to spend USDC with ease, Immersve will partner with an external settlement provider, eliminating the need for third-party collateral.

This strategic alliance marks a significant advancement in the journey towards widespread cryptocurrency usage. Together, these companies are paving the way for more mainstream adoption of digital currencies. crypto assets .

“We really appreciate that our platform supports both centralized cryptocurrency transactions and decentralized experiences, allowing users full control over their finances. Immersve is literally constructing pathways that grant users the ability to make transactions directly from their crypto wallets wherever Mastercard is accepted online,” expressed Jerome Faury, the CEO of Immersve.

Recently, Mastercard has launched another crypto initiative

This is not the first time that partnering with Binance to enable a seamless cryptocurrency payment experience at over 90 million retail locations. Back in December 2022, Mastercard . In August 2022, the company partnered collaborated with Polygon and hi to create custom web3 debit cards, and this January, they also announced tapped a forthcoming web3 music accelerator in collaboration with Polygon. announced Mastercard is increasingly embracing Web3 by rolling out an NFT payment service.

Read more about Mastercard: 

• Mastercard collaborates with Binance to facilitate cryptocurrency transactions at over 90 million retail locations.
• Mastercard and Polygon unveil the launch of a web3 artist accelerator.
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