Crypto Meets Cards: Shaping the Future of Commerce Featuring Ivan Soto-Wright & Sherri Haymond | Permissionless IV Fireside Chat | Bonus Episode
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Yeah. So we we've actually been building in the space for years now. So at Mastercard, in general, our one of our kind of core philosophies is choice. We like to be where our customers wanna be, both consumers, you know, merchants, businesses. And kind of early on, we saw a lot of potential with blockchain and crypto. At the time that we started, not really stablecoin. Right? But, but that evolved to to be part of the picture, an important part of the picture. And the idea is that, like, our network, we've always been actually a multirail network. Right? We have all kinds of payments on our ne
Yeah. Maybe Ivan so when I think of MoonPay's business, I think of being the onboarding role onboarding rails for the industry. You guys do have more product lines than that. Where do stablecoins fit into Moonbase MoonPay's whole business?
Yeah. So we're we're working to onboard the entire world to crypto. It's a giant project, which is, you know, complex because you have to think about every single point of distribution. It's across a bunch of different geographies. How do you do that within regulatory compliance? And how do you really build a very seamless user experience? When we started the business, really, the, you know, first thing that we thought about was these wallets are gonna become really important. These wallets are essentially almost gonna be like a a next generation version of a bank account. If you have an Inter
we can talk about the partnership between you guys, because I think maybe some people have seen the the, you know, news announcements, and they think, oh, there's this new new partnership between MoonPay and Mastercard, but, really, you guys have been at it for years. I'm curious. I mean, we I've personally seen many crypto to enterprise partnerships fail over the years, and it seems like this one's actually working very well. So what what makes this partnership work so well, would you guys say?
So I guess I'll talk about the first steps. The first step of Mastercard, obviously, the the saying in the marketing slogan is priceless, priceless experiences. We had an opportunity to work very closely together with the team around thinking about blockchain initiatives. We started with, Web three priceless, and so, essentially, rewards. How do we put rewards on chain? And so we've been working with the Mastercard team, implementing it inside of some of the most important marketing properties of our of Mastercard over the last couple years, golf tournaments, and we've seen some really interes
then more on, like, why why MoonPay Mastercard? So MoonPay cares a lot about things that we care about. They care about choice. They care about trust. They spend a lot of time on compliance. Like, obviously, we work with lots of regulate we work with lots of kinds of companies, regulated, like, regular, you know, businesses, merchants. But for banks, in particular, to wanna work with us together with a partner, it matters a lot who the partner is, and that
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