Mastercard taps Polygon to turn clunky crypto addresses into simple usernames
Overview
Mastercard is launching a new initiative to simplify crypto transactions by introducing verified, human-readable crypto aliases for self-custody wallets. This system leverages Polygon for on-chain support and involves Mercuryo for identity verification.
What Happened
Mastercard’s new rollout aims to enhance the user experience in the cryptocurrency space by replacing complex cryptographic addresses with simple usernames. This move is designed to make transactions more accessible and user-friendly for individuals managing their own crypto assets. By using Polygon, a layer-2 scaling solution, Mastercard ensures that these aliases are supported on the blockchain, facilitating easier transactions. Additionally, Mercuryo’s role in identity verification is crucial for maintaining security and trust within this new system.
Impact on the crypto market
- Simplifies the process of sending and receiving cryptocurrencies for users.
- Enhances security measures through identity verification.
- Encourages broader adoption of self-custody wallets among users.
- Potentially increases transaction efficiency on the Polygon network.
- May influence other financial institutions to adopt similar user-friendly solutions.
Updated: 11/18/2025, 11:23:00 AM
