Mastercard to allow crypto payments in Web3 via USDC settlements
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Immersve, a Web3 payment protocol, has partnered with Mastercard to enable users to make cryptocurrency payments in digital, physical, and Metaverse worlds. The payments will be settled using USD Coin tokens, which will be converted to fiat before settling on Mastercard's network. The partnership will allow users to make direct crypto payments without relying on third parties for collateral. This move is part of Mastercard's efforts to stay relevant in the crypto ecosystem, which also includes a partnership with Binance to launch a prepaid card in Latin America.
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