Mastercard and CipherTrace merge to bring Outstanding customer service

MasterCard, in a masterstroke, acquired CipherTrace, a crypto-intelligence company to enhance its capabilities. This partnership will allow the company to gain information on 900+ cryptocurrencies.

As of now, NFTs are really big right now, and they are being used in multiple activities. It has seen critical acclaim, ensuring widespread adoption and usage.

Mastercard, together with CipherTrace will ensure maximum transparency, which can be instrumental to mitigate certain risks and regulatory issues.

With CipherTrace’s revolutionary services, cryptocurrency users can add a new dimension of trust, and fraud monitoring. This can be extra beneficial for banks and financial regulators.

Here, different technologies will be used, such as AI, advanced cyber technologies, cybersecurity to facilitate faster cryptocurrency payments.

Also, these two companies will bring out new, innovative solutions for fintech service providers, especially those who use Blockchain.

Mastercard decided to do this to enhance customer services, and offer multiple choices on the subject matter.

The agreement terms are not known yet, but people are forecasting that the partnership will happen by the end of this year.