PRESS RELEASE. Today it was announced that Unbanked, the leading 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 non-bank and mastercard initiative is committed to enabling crypto-enabled card programs focused on simplicity, security and consumer protection.
"At mastercard, we believe we need to provide consumers and businesses with a choice about how they want to pay and get paid. This unbanked initiative is to demonstrate that we are working to speed up the issuance of crypto cards and enable choice in the marketplace, knowing he's bringing security, the safety and safeguards they expect from our system." Christian Rau, Senior Vice President Fintech & Crypto-Habilitation 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 world's oldest and largest cryptocurrencies, and has been specifically engineered to deliver quickly, secure and inexpensive payments by taking advantage of the unique properties of blockchain technology.
The Litecoin community looks forward to the availability of other countries, so everybody at the Litecoin Foundation is very excited about this expansion of the Litecoin Card to UK and European residents,' said Charlie Lee, litecoin entrepreneur. “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 actors in the Web3 industries by allowing businesses to create a personalized brand experience for their user base. The issuing of white cards, crypto portfolios, bank accounts and many others can be configured via the non-bank API and connected to a mobile or web interface. Integrated non-bank compliance guarantees complete compliance and validation for all partners, securing their users and their payment system.
"I am delighted to work with mastercard to open cryptocard programs in the UK, Europe and internationally." stated Ian Kane, co-founder and co-director of unbanked. "Mastercard has been a great leader in digital assets, Getting them together with the Litecoin Foundation so that consumers can use Litecoin in their everyday lives is a big accomplishment."
About Unbanked
Unbanked is a comprehensive, blockchain-based fintech solution. Is based on the philosophy that access to and control over money is a fundamental human right, unbanked links conventional business, fintech, and banking systems including a blockchain infrastructure, increase cryptocurrency's usefulness for investment and day-to-day purchases. The company has a range of highly personalized financial products that allow both unbanked and underbanked banks to create a unique financial experience like the life they lead. You can learn more about Unbanked at Unbanked.com.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and drive an inclusive digital economy that benefits everyone everywhere, making transactions secure, simple, intelligent and accessible. Through secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and companies reach their full potential. Our decency quotient, or dq, is the driving force behind our culture and everything we do inside and outside our business. Through our ties to over 210 countries and territories, we are building a sustainable world that provides invaluable opportunities for everyone.
About the Litecoin Endowment.
The Litecoin Foundation is a non-profit organization established to promote Litecoin for the benefit of society, by developing and promoting advanced blockchain technologies. Registered in Singapore, the litecoin foundation team includes full-time support and volunteers from all over the world. For more information, visit https://litecoin.net.