- The company plans to develop software for cryptotransactions and VASP aggregation
- Mastercard has not yet commented on the information
- The firm has previously treated Web3 with caution and even tried to distance itself earlier this year
Payment giant Mastercard has filed for a new trademark registration with the US Patent and Trademark Office (USPTO). According to the papers, the company plans to develop software for cryptocurrency settlement and interconnectivity.
Attorney Mike Condoudis says. In his message you can also find a screenshot of the application, which details the firm’s plans.</nbsp;
It seems that Mastercard is going to bring to market a platform for virtual asset service providers (VASP), designed to simplify interaction and reduce costs.</nbsp;
It also appears that the application can be used for cryptocurrency transactions.. But that’s just a guess.. So far, the company has had no comment on this.
The company’s plans for the development of Web3
When at the end of May Mastercard recognized blockchain as a promising technology. Although before that, in March, there was information in the network that the company, as well as some other payment giants, is distancing itself from the cryptocurrency segment.
This application shows that Mastercard still considers blockchain an important element of the firm’s global development strategy.. However, the timing of the release of the company’s new developments on the open market is still unknown.