PRESS RELEASE. Unbanked, a leading provider of white-label cryptocurrency card issuance and program management services for Web3 companies, is partnering with Mastercard to accelerate the issuance of DeFi cards in Europe, it was announced today.
Mastercard and Unbanked have already established their footprints in the UK and Europe and have strengthened relationships with leading Web3 organizations to launch card applications with a focus on innovation in the payments space. Through this initiative, Unbanked and Mastercard are committed to enabling the issuance of cryptocurrency-enabled card applications focused on simplicity, security and consumer protection.
“At Mastercard, we believe in offering consumers and businesses a choice in how they want to pay and get paid. This initiative with Unbanked is proof that we are working to accelerate the issuance of crypto cards and strengthen options in the market, knowing that they are provided with the safety, security and protection they expect from our network. Christian Rau, Senior Vice President of Fintech and Crypto Enablement, Mastercard Europe.
Unbanked worked with the Litecoin Foundation to offer Litecoin Card to US residents for more than two years. Li in partnership with Unbanked and MastercardThe tecoin Card program will be available to residents of the UK and Europe – reaching approximately 84% of the European population. Litecoin is one of the oldest and most widely used cryptocurrencies globally and was specifically designed to provide fast, secure and inexpensive payments using the unique features of blockchain technology.
“There has been a lot of anticipation from the Litecoin community as to when more countries will be available, so everyone at the Litecoin Foundation is very excited about the expansion of the Litecoin Card to residents of the UK and Europe,” said Charlie Lee. Litecoin. “Unbanked has been a fantastic partner in providing an LTC-enabled card program within the US when others could not, and the Litecoin Foundation looks forward to working with them to further expand access.”
The Unbanked platform supports many of the biggest players in the Web3 industry, allowing companies to create a personalized branded experience for their user base. White label card issuance, crypto wallets, bank accounts, etc. Unbanked can be installed through the API and connected to the mobile or web interface. Unbanked’s internal compliance ensures that all partners achieve full compliance and verification, ensuring their users and payment system.
“I am delighted to be working with Mastercard to launch crypto card applications in the UK, Europe and beyond,” said Ian Kane, Co-Founder and CEO of Unbanked. “Mastercard is very forward-thinking when it comes to digital assets, so it’s a great achievement to bring them together with the Litecoin Foundation to enable consumers to use Litecoin in their everyday lives.”
Unbanked is a global fintech solution built on blockchain. Based on the idea that financial access and control is a basic human right, Unbanked expands the utility of cryptocurrency for investment and everyday purchases by combining traditional enterprise, fintech and banking systems with blockchain infrastructure. The company has a suite of highly customized financial products that enable the banked, unbanked and unbanked alike to create a financial experience as unique as their life. More information about Unbanked can be found at Unbanked.com.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and empower an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections in more than 210 countries and territories, we build a sustainable world that opens up invaluable opportunities for all.
About the Litecoin Foundation
The Litecoin Foundation is a non-profit organization created to promote Litecoin for the benefit of society by developing and promoting cutting-edge blockchain technologies. Registered in Singapore, the Litecoin Foundation team consists of full-time and volunteer support from around the world. For more information, visit https://litecoin.net.
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