• General News
  • Health
  • Entertainment
  • Sports
  • Finance
  • Business
  • Tech Innovations
  • Pod News

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

MULTI CHOICE ANNOUNCES NEW PRICE FOR DSTV, GOTV SUBSCRIBERS

March 22, 2022By Damaris Dankaro

Anxiety as Armed Security Operatives Take Over Cross River Assembly

March 22, 2022By Damaris Dankaro

Kaduna imposes 24-hour curfew on two councils over death of many and burning of over70 homes

March 22, 2022By Damaris Dankaro
Facebook Twitter Instagram
Facebook Twitter Instagram
Buj News
Dark/Light Mode
  • General News
  • Health
  • Entertainment
  • Sports
  • Finance
  • Business
  • Tech Innovations
  • Pod News
Buj News
You are at:Home » MasterCard acquires blockchain technology company, ciphertrace.
Finance

MasterCard acquires blockchain technology company, ciphertrace.

Payment giant, Mastercard seems to have its eyes set on cryptocurrencies as the company just acquired CipherTrace, a blockchain intelligence firm with crypto forensics capabilities.
JamellaBy JamellaSeptember 11, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email
https://buj.com.ng/wp-content/uploads/2021/09/Cypher-Trace.mp3

Payment giant, Mastercard seems to have its eyes set on cryptocurrencies as the company just acquired CipherTrace, a blockchain intelligence firm with crypto forensics capabilities.

 

According to a business wire publication, the global payments giant has reached an agreement to acquire CipherTrace, founded in 2015 as the world’s first blockchain forensics company with insight into more than 900 cryptocurrencies.

 

As part of the acquisition, Mastercard says it plans to integrate CipherTrace’s operations into its own cyber security solutions for digital assets. According to the announcement, Mastercard will combine its cyber capabilities with CipherTrace technology to differentiate its card and real-time payments architecture. For Mastercard, the deal will allow clients and partners to adopt digital assets while maintaining compliance with financial regulatory provisions.

CipherTrace’s innovative platform helps customers enhance their security and fraud monitoring activities for crypto-related programs. It provides solutions for some of the largest banks, exchanges, and other financial institutions in the world due to its industry-leading data analytics and algorithms to help customers convert on their opportunities across 7,000+ cryptocurrency entities.

 

What they are saying

Mastercard’s cyber and intelligence chief, Ajay Bhalla stated that the growth of the crypto market has necessitated the need for trusted and safe operations. He stated, “Digital assets have the potential to reimagine commerce, from everyday acts like paying and getting paid to transforming economies, making them more inclusive and efficient. With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe. Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.”

 

Dave Jevans, CEO, CipherTrace, stated, “We help companies – whether they are banks or cryptocurrency exchanges, government regulators or law enforcement to keep the crypto economy safe. Our two companies share this vision to provide security and trust throughout the ecosystem. We are thrilled to join the Mastercard family to scale CipherTrace’s reach across the globe.”

 

This is not the only investment MasterCard has made in the cryptocurrency space as the company has been partnering with notable crypto primitives in the crypto credit and debit card arena, such as Gemini and BitPay.

 

MasterCard is trading on the New York Stock Exchange (NYSE) with its share price currently at $351.41, as of the time of this writing. Year-to-Date (YtD), the share price is down marginally by 0.02%.

featuured
Jamella

Related Posts

Finance

Nigeria’s Inflation rate drops according to NIBS

By JamellaSeptember 17, 2021
Business

Access Bank successfully launches million dollar Bond.

By JamellaSeptember 17, 2021
General News

Agritech start-up, Releaf raises over $2million from seed funding.

By JamellaSeptember 17, 2021
General News

FG Approves 5G Policy.

By JamellaSeptember 17, 2021
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Demo
Don't Miss
General News

MULTI CHOICE ANNOUNCES NEW PRICE FOR DSTV, GOTV SUBSCRIBERS

By Damaris DankaroMarch 22, 20222 Mins Read

Multichoice  has Announced New Prices for all Packages Starting from April 1, 2022. Nigerians are…

Anxiety as Armed Security Operatives Take Over Cross River Assembly

March 22, 2022By Damaris Dankaro

Kaduna imposes 24-hour curfew on two councils over death of many and burning of over70 homes

March 22, 2022By Damaris Dankaro

Anambra Governor Announces New Appointments

March 21, 2022By Damaris Dankaro
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
ABOUT
ABOUT

Looking for news on sports, health, business, entertainment, innovations and much more?
Get all your news in one place! Here at BUJ, entertainment meets information, keeping you up-to-date, on the go!

Facebook Twitter Instagram Pinterest YouTube
CATEGORIES
  • General News
  • Health
  • Entertainment
  • Sports
  • Finance
  • Business
  • Tech Innovations
  • Pod News
Our Picks

MULTI CHOICE ANNOUNCES NEW PRICE FOR DSTV, GOTV SUBSCRIBERS

March 22, 2022By Damaris Dankaro

Anxiety as Armed Security Operatives Take Over Cross River Assembly

March 22, 2022By Damaris Dankaro

Kaduna imposes 24-hour curfew on two councils over death of many and burning of over70 homes

March 22, 2022By Damaris Dankaro
Facebook Twitter Instagram Pinterest TikTok YouTube WhatsApp
  • Home
  • Sports
  • Health
© 2023 Copyright 2022 Buj News. All rights reserved. Privacy & Terms..

Type above and press Enter to search. Press Esc to cancel.