Mastercard's latest crypto debit card will use Starknet’s zk-technology to reduce fees.
Cryptocurrency wallet provider Argent is partnering with Mastercard and blockchain startup Kulipa on a new crypto-powered payment card. The arrangement will incorporate zero-knowledge technology from Starknet, according to a press release issued Tuesday.
The Kulipa-branded card converts Circle’s USDC or Paxos-branded stablecoins to fiat in the background, meaning merchants do not need to integrate crypto payment tools. “This process ensures a smooth debit payment experience for any Mastercard user and merchant anywhere in the world, with on-chain settlement on almost any blockchain,” the press release said.
Argent, a DeFi-focused wallet that claims to have over two million users, is primarily focused on building on the Ethereum scaling layer Starknet. Argent is also a pioneer in account abstraction, a way of making smart contract-based wallets easier to use. Earlier this month, Kulipa announced a $3 million seed funding round co-led by Fabric Ventures and White Star Capital. The Paris-based startup was founded in 2023 to provide a platform for non-custodial wallets to issue crypto payment cards.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Crypto-Backed Mastercard? Yes.We all know the real reason crypto is still such a niche asset: Merchants don’t accept it, at least not at scale.
Read more »
TD Cowen warns crypto companies themselves may push legislation that 'derail' crypto industry as a wholeA report from the investment bank TD Cowen explains how clearer cryptocurrency legislation can 'derail' the industry, as seen previously with the cannabis industry.
Read more »
Crypto Exchange Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider RegisterCamomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Read more »
Crypto for Advisors: Advisors and CryptoAdam Blumberg, CFP ®, is also co-founder and chief educator for Interaxis, a company trying to bridge the education gap between digital assets and traditional finance. He is a contributing writer for CoinDesk’s Crypto for Advisors newsletter.
Read more »
Crypto for Advisors: Is Crypto Too Volatile?André Dragosch is head of research at ETC Group.
Read more »
Crypto Biz: Jump Crypto exec steps down, first MiCA deadline looms, and moreCointelegraph’s Crypto Biz explores Jump Crypto’s CEO departure, Animoca Brands’ return to public markets, the corporate dispute between Riot and Bitfarms, and more.
Read more »