In a partnership between Web3 payment protocol Immersve and payments giant Mastercard will allow users to make crypto payments on digital, physical and the metaverse worlds.
Once the transaction is successful from the user’s end, USD Coin tokens will get converted to fiat and be used to settle transactions on Mastercard’s network.
The Mastercard-Immersve partnership uses decentralized protocols to settle real-time cryptocurrency transactions on outlets accepting Mastercard payments online. Users will be able to use their existing Web3 wallets to make direct crypto payments without relying on a third party for collateral.
Instead, Immersve will partner with a third-party settlement provider and allow its users to use USDC for all purchases.
Users will be able to access the feature through popular Web3 wallets and use their private keys to approve payments. Moreover, Web3 wallets and decentralized finance protocols can integrate into Immersve’s APIs and smart contracts to transact anywhere Mastercard is accepted.
