Mastercard & MoonPay Launch Stablecoin Cards for 150M Merchants

Mastercard has been busy issuing Stablecoin Cards to consumers, these cards will issue rewards over the MoonPay Iron infrastructure. The Iron system has been designed to enable broader stablecoin adoption.

MoonPay' s Iron system directly addresses crypto volatility which prior to now has kept Retailers away from these types of solutions. 

What are the Goals of MoonPay?

The MoonPay crypto payments system aims to reduce international transfer costs and settlement times when compared to traditional methods that have been around for decades. Merchants may benefit from lower transaction fees while consumers can gain additional flexibility in utilizing their digital assets for everyday purchases.

What tech will the partnership utilize?

It will leverage the API-driven stablecoin infrastructure from Iron. Which MoonPay acquired back in March. API's are eating the world and unlocking old disparate systems in a much faster unified blockchain world.

Recall last month MasterCard unveiled their stablecoin capabilities based upon partnership with OKX

Summary

MoonPay and MasterCard teaming is a huge development in the world of Crypto.  By building backward compatibility into the existing systems is hitting 150 Million consumers which is a large percentage of consumers in short order. 

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