Unbanked and Mastercard Team Up to Accelerate Crypto Card Adoption within Web3 Organizations in Europe
Photo: Unbanked
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Today it was announced that Unbanked, the leading provider of white-label crypto card issuance and program management service for Web3 companies has partnered with Mastercard, to accelerate DeFi card issuance in Europe.
Mastercard and Unbanked have already established a footprint in the United Kingdom and Europe and solidified relationships with leading Web3 organizations to launch card programs with a focus on innovation in the payments space. Through this initiative Unbanked and Mastercard are committed to enabling the issuance of cryptocurrency powered card programs focused on simplicity, security, and consumer protections.
Christian Rau, Senior Vice President Fintech and Crypto Enablement for Mastercard Europe, said:
Unbanked has worked with the Litecoin Foundation to offer the Litecoin Card to residents of the United States for more than two years. With the Unbanked and Mastercard partnership, the Litecoin Card program will be made available to residents in the UK and Europe – reaching approximately 84% of Europe’s population. Litecoin is one of the oldest and most used cryptocurrencies on a global scale, and was specifically designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.
Charlie Lee, creator of Litecoin, said:
The Unbanked platform supports many of the Web3 industries largest players by enabling companies to create a custom branded experience for their user base. White-label card issuance, crypto wallets, bank accounts, and more can be setup via the Unbanked API and connected to a mobile or web interface. Unbanked’s built-in compliance ensures all partners achieve full compliance and validation, securing their users and and payment system.
Ian Kane, Co-Founder and Co-CEO at Unbanked, said:
About Unbanked
Unbanked is a global fintech solution built on blockchain. Predicated on the ethos that financial access and control is a fundamental human right, Unbanked connects traditional enterprise, fintech, and banking systems with blockchain infrastructure, expanding the utility of cryptocurrency for investing and everyday purchases. The company has a suite of highly bespoke financial products which enable both the banked, unbanked, and underbanked to create a financial experience as unique as the life they live.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power 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 across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
About Litecoin Foundation
The Litecoin Foundation is a non-profit organization founded to promote Litecoin for the good of society, by developing and promoting state-of-the-art blockchain technologies. Registered in Singapore, the Litecoin Foundation team consists of full-time and volunteer support from around the globe.
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