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Solana Killer Aptos (APT) Reveals Core Role in Mastercard Partnership

Thu, 05/18/2023 - 11:24
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Godfrey Benjamin
Aptos has committed to building new identity, security, trust and verification tools in its partnership with Mastercard
Solana Killer Aptos (APT) Reveals Core Role in Mastercard Partnership
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Aptos (APT), the acclaimed Solana competitor, has shared an additional insight for its community members on what its core role will be in the partnership it inked with Mastercard a few weeks back.

Aptos-Mastercard payment focus

With the commitment to contribute to the evolution of payments, Aptos said it will be developing a Mastercard Crypto Credential, a new on-chain identity and verification framework that will support the development of apps in payments, ticketing and non-fungible Tokens (NFTs), to mention a few.

Aptos said it will be kicking off the program with Aptos Labs playing a crucial role in "building new identity, security, trust, and verification tools that enable the free flow of funds between individuals across borders."

The protocol said it will start the pilot for remittances for funds sent between the USA, Latin America and Caribbean countries. Aptos as a blockchain protocol is all for utility and innovation, and while the Mastercard teamup will help it showcase its core ingenuity, it will also help set a pace that can notably drive the future of payments.

The protocol has been recording a number of important collaborations and product launches in the past few months, and while the Mastercard partnership is one of its biggest, it should be noted that Aptos also has a pact with tech giant Google Cloud.

The link-up with Google Cloud will help open up access to capital for innovators building decentralized applications within the Aptos protocol.

"Our partnership means that together we can go farther in providing the Aptos community with capital and resources needed to focus on developing infrastructure," Aptos said, describing the pact it has with Google Cloud.

Biggest Beneficiary: APT

In its drive toward sustainability in innovation, the APT token appears to be the biggest beneficiary when long-term prospects are factored in.

"Solana Killer" Aptos (APT) Up 94% in One Week, Here's What's Behind It

At the time of writing, the digital currency is trading at a price of $8.68, up 2.88% over the past 24 hours. Aptos has been tagged as a major high flier, and these broad partnerships will help drive its utility in the near future.

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About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.