September 19, 2021

Mastercard bought blockchain research company CipherTrace

Mastercard focuses its attention on cryptocurrencies and digital currencies, which is confirmed by the last steps of the company.


Cooperates, that the global payment giant has reached an agreement on the purchase of the CipherTrace company, which takes advantage of the expansion of the minimum percussion in the blockchain of 900 bullets.

B Mastercard announced that it plans to integrate CipherTrace operations into its own cybersecurity solutions for digital assets.

This will help to differentiate the apxitecture of the cards andpayments in real time. As a result, clients and partners of Mastercard will be able to use digital assets, while maintaining compliance with the financial regulatory provisions.

While commenting on the purchase, the head of the Mastercard cybernetics department Ajay Bhalla noted that the growth of the cryptocurrency market gave rise to undesirable needs.

This is also important for active investments of Mastercard in cryptocurrency and blockchain, including in partnerships with well-known issuers of Bitcoins, and Gemini.

Back in July, the general director of the company declared,that Mastercard needs to take its rightful place in the crypto space. Then the payment giant announced plans to become a partner in testing the central bank's digital currencies and digital currencies.

Purchase of such a large player on the premisesCryptocurrency analysts are looking at how CipherTrace can be directed towards a more intimate interaction with central banks and emitters of power supply systems

Paнee Crу has announced plans to integrate the solution of CipherTrace "Traveler" in its toolkit to ensure compliance with the "Travel Guidelines" for the group of friends