Press release
PRESS RELEASE. Today it was announced that unbankedThe leading provider of white-label crypto card issuance and program management services for Web3 businesses has partnered with Mastercard to accelerate DeFi card issuance in Europe.
Mastercard and Unbanked have already established a presence in the UK and Europe and built relationships with leading Web3 organizations to launch card programs with a focus on innovation in the payments space. Through this initiative, Unbanked and Mastercard commit to enabling the issuance of cryptocurrency-powered card programs focused on simplicity, security, and consumer protection.
“At Mastercard we believe in giving consumers and businesses choice in how they want to pay and get paid. This initiative with Unbanked is a testament to that as we work to accelerate crypto card issuance and power choice in the marketplace, knowing that it comes with the security and protections you would expect from our network.” Christian Rau, Senior Vice President Fintech and Crypto Enablement at Mastercard Europe.
Unbanked has worked with the Litecoin Foundation to offer the Litecoin card to residents of the United States for more than two years. With the Unbanked and Mastercard partnership, the LiThe tecoin Card program will be available to residents of the UK and Europe, reaching approximately 84% of the European population. Litecoin is one of the oldest and most widely used cryptocurrencies in the world and was specifically designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology.
“There has been a lot of anticipation from the Litecoin community as to when more countries will be available, so everyone at the Litecoin Foundation is very excited about this expansion of the Litecoin card for UK and European residents,” said Charlie Lee. , creator of Litecoin. “Unbanked has been a fantastic partner delivering a LTC technology-enabled card program within the United States when others could not, and the Litecoin Foundation looks forward to working with them to scale access even further.”
The Unbanked platform supports many of the largest players in the Web3 industry by allowing companies to create a personalized brand experience for their user base. White-label card issuance, crypto wallets, bank accounts and more can be configured via the unbanked API and connected to a web or mobile interface. Unbanked’s built-in compliance ensures that all partners achieve full compliance and validation, securing their users and their payment system.
“I am delighted to be working with Mastercard to open up crypto card programs in the UK, Europe and abroad,” said Ian Kane, Co-Founder and Co-CEO of Unbanked. “Mastercard has been very progressive when it comes to digital assets, so bringing them together with the Litecoin Foundation so that consumers have the ability to use Litecoin in their daily lives is a great achievement.”
About the unbanked
Unbanked is a global blockchain-based fintech solution. Based on the ethos that financial access and control is a fundamental human right, Unbanked connects traditional banking, fintech and business systems with blockchain infrastructure, expanding the utility of cryptocurrencies for investment and everyday purchases. . The company has a suite of highly personalized financial products that enable both the banked and the unbanked and the unbanked to create a financial experience as unique as the life they lead. You can learn more about Unbanked at Unbanked.com.
About Mastercard (NYSE:MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and drive an inclusive digital economy that benefits everyone, everywhere by making transactions secure, simple, smart and accessible. Using secure networks and data, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses reach their full potential. Our Decency Quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections in more than 210 countries and territories, we’re building a sustainable world that unlocks priceless possibilities for all.
About the Litecoin Foundation
The Litecoin Foundation is a non-profit organization founded to promote Litecoin for the good of society, by developing and promoting cutting-edge blockchain technologies. Registered in Singapore, the Litecoin Foundation team consists of full-time and volunteer supporters from around the world. For more information visit https://litecoin.net.
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