The following report is by Biometric Update:
Mastercard has unveiled the availability of its new platform of crypto trading tools for financial institutions. Crypto Source, the new solution, will rely on partnerships with regulated and licensed crypto custody providers to furnish Mastercard’s financial institution (FI) partners with a suite of buy, hold and sell services for select crypto assets.
The payments provider confirmed in an announcement that Crypto Source would also support a series of identity, cyber, security and advisory services. Some services are powered by biometrics via Mastercard’s accompanying Crypto Secure technology, designed to deliver insights to improve the safety of crypto purchases and bring additional security to the digital ecosystem.
What we are announcing today is a connected approach to services that will help bring users safely and securely into the crypto ecosystem.
Our recent investments in this space, such as the acquisition of CipherTrace and Ekata, are providing us with a unique set of capabilities to help provide our customers and consumers with the most technically advanced solutions available in the market.
Explains Ajay Bhalla, Mastercard president of cyber and intelligence.
SEE: MasterCard Releases A Carbon Footprint Calculator For Banks
Additionally, Crypto Source will see the expansion of Mastercard’s partnership with blockchain infrastructure platform Paxos, which launched a pilot version of the biometrics-backed digital wallet app Novi with Facebook last year.
As a result of the new partnership, Mastercard will now integrate Paxos’s technology into banks’ interfaces to further improve the consumer experience.
Mastercard has a powerful network of financial institutions around the world.
This exciting offering developed by Paxos and Mastercard will give FIs the fastest and most trusted way to offer safe, reliable crypto access for their consumers globally. We’re thrilled to partner with Mastercard to further accelerate the mainstream adoption of digital assets.
Comments Walter Hessert, head of strategy at Paxos.
Crypto Source is currently undergoing preparations for various pilot programs. Mastercard says additional details on broader availability will be shared soon.
Beyond crypto, the financial giant is also working on several additional projects leveraging bleeding-edge technologies. Last month, Mastercard approved payment card maker Tag Systems to deploy biometric products using the Zwipe Pay platform.
More recently, the company revealed the approval of the first cards compatible with contactless specifications protecting against quantum attacks.
SEE: Mastercard Releases New Biometric Payment Option ‘Smile To Pay’
AUTHOR COMMENTARY
Cryptocurrencies – beyond most of them being total scams, in my opinion – are also a ‘digital trap’ to grease the wheels of the masses, to understand and accept digital payments and transactions. Now this venture opens up yet another doorway for the masses to be shuffled along and accept more biometrics.
[16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.Revelation 13:16-18
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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everything is now ready for the antichrist to step in and take full control.
And Here It IS! Or at least the doorstep.