MASTERCARD TO DECIDE ON COOPERATION WITH ZANTEPAY NEXT WEEK
Mastercard is looking into cooperation with Estonia based alternative payments startup ZANTEPAY. It was reported that Mastercard is in talks with GFC Good Finance Company AS this week, with whom ZANTEPAY has signed a preliminary cooperation agreement on the debit card project last month.
Mastercard asked to remove the MC logo from ZANTEPAY card visuals until the cooperation between ZANTEPAY, GFC and Mastercard is officially approved.
Mastercard representatives will travel to Tallinn, Estonia on 8th of May 2018 to decide whether to back partnership with ZANTEPAY or not.
In case of positive outcome, it would be the first official partnership between alternative payment startup and Mastercard.
Mardo Soo, the CEO of ZANTEPAY commented: “We are excited to finally hear from Mastercard, we have been reaching out to them a lot. We are ready for this partnership, so is cryptocurrency community. We are putting together the documents requested by Mastercard — legal, technical, AML policies, and delivering those by the end of the week. We hope for the positive outcome.”
Earlier Mastercard made the following statement: “Accordingly, the use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain while still maintaining security of account information and provide a strong defense against fraud and theft”.
During 2012–2016 European market for alternative finance services grew 15,800%*
European wallet providers account for 42 percent of the total number of wallet providers in the global cryptocurrency market. *
Research produced by Cambridge University concluded in 2017 that there were between 2.9 million and 5.8 million unique users actively using a crypto currency wallet.
Estonia based ZANTEPAY provides cryptocurrency multiwallet /debit card integration. You can spend your bitcoin, litecoin, ethereum and zantecoin anytime, anywhere.
For more details visit www.zantepay.com . Join ZANTEPAY, we bring cryptocurrency to the mainstream!