Unbanked and Mastercard Team Up to Accelerate Crypto Card Adoption Within Web3 Organizations 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.
Today it was announced that Unbanked, a 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.
“At Mastercard we believe in offering choice to consumers and businesses on how they want to pay and be paid. This initiative with Unbanked is to testament to that as we work to accelerate issuance of crypto cards and empower choice in the market, knowing that it comes with the safety, security and protections they would expect from our network.” Christian Rau, Senior Vice President Fintech and Crypto Enablement for Mastercard Europe.
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.
“There has been a lot of anticipation from the Litecoin community on when more countries would become available, so everyone at Litecoin Foundation is very excited for this expansion of the Litecoin Card to residents of the UK and Europe,” said Charlie Lee, creator of Litecoin. “Unbanked has been a fantastic partner who delivered a LTC powered card program within the United States when others were unable to and Litecoin Foundation looks forward to working with them to scale access even further.”
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 set up 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 payment system.
“I am thrilled to be working with Mastercard to open crypto card programs in the UK, Europe and abroad.”, said Ian Kane Co-Founder and Co-CEO at Unbanked. “Mastercard has been very forward thinking when it comes to digital assets, so bringing them together with the Litecoin Foundation so consumers have the ability to use Litecoin in their daily lives is a great achievement.”
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