- Mastercard partners with Fiserv (FI) to expand the adoption of stablecoins through the integration of the FIUSD token.
- Over 150 million merchants worldwide to benefit from FIUSD across Mastercard’s global payments network.
- The collaboration aims to enhance seamless payment experiences and operational efficiencies for businesses and consumers.
Mastercard is enhancing its collaboration with Fiserv, Inc. (FI) to promote widespread adoption of the FIUSD stablecoin. The alliance intends to integrate the FIUSD token across multiple Mastercard products and services, thereby expanding its utility for a global customer base.
This innovative move will allow the FIUSD token to be utilized across Mastercard’s extensive network, which includes over 150 million merchants worldwide. The partnership seeks to solve real-world challenges by enabling seamless transitions between fiat and FIUSD, and facilitating FIUSD settlements for global merchants, thereby streamlining operational efficiencies.
The collaboration also involves the development of stablecoin-linked payment cards, enabling Mastercard and Fiserv’s shared customers to make FIUSD payments wherever Mastercard is accepted. The Mastercard Multi-Token Network (MTN) will offer additional connectivity through Fiserv’s Digital Asset Platform, powered by Finxact.
Chiro Aikat, co-president of Americas at Mastercard, stated that the partnership sets the stage for stablecoins to become as ubiquitous and trusted as traditional currencies, emphasizing Mastercard’s commitment to bridging the gap between traditional financial services and digital assets.
Furthermore, Takis Georgakopoulos, Chief Operating Officer at Fiserv, highlighted the enhanced reach and utility that FIUSD will provide, creating more payment choices for customers within the financial ecosystem.
Source: gurufocus
