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Mastercard is launching its new Crypto Credential feature, allowing users to send and receive cryptocurrency by a specific username instead of a wallet address. For the first time, crypto exchange users can send and receive crypto using their Mastercard Crypto Credential aliases. Typically, transactions must utilize typically longer and more complex blockchain addresses. JUST IN: Mastercard launches 'Crypto Credential,' allowing users to send and receive crypto using a username instead of a wallet address. pic.twitter.com/xbCPw2o8tF — Watcher.Guru (@WatcherGuru) May 29, 2024 According to Mastercard, the live transaction capabilities are enabled on the Bit2Me, Lirium, and Mercado Bitcoin exchanges. This allows them to facilitate blockchain transactions simply and securely between Latin American and European corridors. “We are proud to continue deepening our alliance with Mastercard, with whom we share a commitment to innovation and the development of solution...

According to a press release, Mastercard is rolling out generative AI technology to monitor and catch credit card fraud. Mastercard said Wednesday that it will use the technology to discover that a credit or debit card number has been compromised. This way, the company can act before the number ends up in the hands of cybercriminals. “Until now, fraudsters may have thought they were operating in obscurity, seeking to launder the card details of millions of unsuspecting victims,” said Johan Gerber at Mastercard . “Thanks to our world-leading cyber technology, we can now piece together the jigsaw – enhancing trust to banks, their customers, and the digital ecosystem as a whole.” Also Read: Goldman Sachs Exec. Doesn’t Expect Interest Rate Cuts in 2024 According to the press release, Mastercard ’s new technology works by scanning transaction data across billions of cards and millions of merchants at faster rates than previously imaginable. In doing so, it alerts Mastercar...