Mastercard and Unbanked join forces to boost cryptocurrency usage in Europe with the Introduction of the Litecoin Mastercard.
The Litecoin Foundation, in partnership with Unbanked, has provided the Litecoin Card to US residents for over two years. Announced today o their official blog, the foundation are consistent in their message with a vision to offer fast, secure, and low-cost transactions.Now, with the support of Unbanked and Mastercard, they are expanding the card program to the UK and Europe, reaching 84% of Europe’s population. As a trusted and widely used cryptocurrency, With the Mastercard version for EU residents, they will have the ability to use Litecoin on Mastercard’s worldwide network.
Mastercard and Unbanked have established a presence in the UK and Europe and formed partnerships with top Web3 organizations to launch innovative card programs. They aim to provide simple, secure, and consumer-friendly cryptocurrency card programs. Christian Rau, SVP of Fintech and Crypto Enablement for Mastercard Europe, stated that “
Mastercard continues it’s crypto spree for 2023
At Mastercard, we believe in offering consumers and businesses choices in payment methods. This collaboration with Unbanked reflects that, as we strive to speed up the issuance of crypto cards and offer choice in the market, ensuring the safety and security provided by our network.”
The Unbanked platform facilitates custom branding for leading Web3 companies through white-label card issuance, crypto wallets, bank accounts, and other services accessible through its API and mobile/web interface. Compliance is built into the platform, guaranteeing full validation and security for partners and their users.
