Payment giant Mastercard expands its partner network to help scale crypto assets and blockchain technology

Mastercard announces the expansion of its global partner network amid growing consumer demand for new payment technologies.

Payment processing giant says Engage’s expanded partner network will broaden access to digital assets and blockchain as it makes it easier to bring new crypto card programs to market and enable crypto conversion capabilities to fiat currency.

“Mastercard introduces a new avenue as part of its global network of Engage partners to enable companies to rapidly launch and scale products that power the Web3 economy.”

The company says that Engage will bridge the gap between digital asset companies and partners looking to launch and scale crypto payment solutions. To date, Mastercard partners Baanx, Credencial Payments, Episode Six, Immersve, Monavate, Moorwand, PayCaddy, Paymentology, Pomelo, Swap, and Unlimit join the program.

Says Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard,

“Mastercard is committed to co-innovating across the industry to enable access to cryptography and blockchain technology. This not only unlocks potential, but also offers more options in payments and commerce.”

In a push for cryptocurrencies, the world’s second-largest payment network also recently filed an application with the US Patent and Trademark Office citing plans to introduce new software for crypto and blockchain transactions and link virtual asset service providers.