Mastercard Picks Polygon to Simplify Crypto – But Where’s the Money?

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Key Takeaways

What’s Mastercard up to with Polygon?

Mastercard, in a stroke of what some might call genius or madness, tapped Polygon to power verified usernames for self-custody wallets. Because who needs those pesky long wallet addresses anyway? 🪙

Is POL still crying in the corner?

Despite this shiny new partnership, POL’s price looks about as cheerful as a wet cat in a rainstorm. It’s down to $0.145 and might sink further to $0.13 unless Mastercard pulls a miracle rabbit out of its hat. 🐇

With institutions tripping over themselves to adopt crypto and Web3, Mastercard has hopped on the bandwagon faster than a flea on a dog. Their latest move? Expanding crypto credentials to self-custody wallets. 🚀

Just a month ago, Mastercard announced a self-custody Web3 card, partnering with Polygon Labs and Mercuryo. Because nothing says “cutting-edge” like a card that lets you keep custody of your assets while buying a coffee. ☕

Mastercard’s Wallet Revolution

According to the official word, Mastercard has chosen Polygon to let users send crypto using verified usernames instead of those indecipherable wallet addresses. Because, honestly, who has time to double-check a 42-character string? 🧐

Mercuryo will be the first issuer, helping verified users create their very own Mastercard Crypto Credential aliases. Think of it as a VIP pass to the crypto world, minus the velvet ropes. 🎟️

Polygon claims that users can onboard once, get a verified username, link a wallet, and access their assets. Sounds simple, right? Well, let’s see how many times folks still manage to mess it up. 😅

The goal here is to reduce transfer errors and make crypto tools easier to use. Because apparently, the crypto world’s motto is, “If at first you don’t succeed, blame the blockchain.”

Will Polygon Actually Benefit?

These developments couldn’t have come at a better time, as Polygon’s network activity was crawling out of a recent slump. Active Addresses have bounced back to 1.19 million, and Transactions have hit 5.39 million. 📈

Thanks to the partnership with Mastercard, Polygon’s network activity is expected to skyrocket. After all, integrating into Mastercard’s stack exposes Polygon to millions of potential users. 🌍

So, brace yourselves for more transactions and active addresses. Or, as Polygon might call it, “just another Tuesday.”

What’s Up With POL?

Surprisingly, the recent announcement hasn’t done squat for POL’s price. At press time, it’s trading at $0.145, down 3.24% on daily charts. 📉

POL has been below its Moving Averages since making a death cross three weeks ago. That’s technical jargon for “it’s been in the dumps.” 💀

Add to that the declining Directional Movement Index (DMI), which hit a low of 9 at press time. Translation: Bears are having a field day, and POL might drop to $0.13 unless Mastercard brings in some fresh demand. 🐻

But hey, if Mastercard pulls through, POL might just claw its way back to $0.16. Here’s hoping! 🤞

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2025-11-19 07:09