Mastercard Recruits Binance, Ripple and PayPal for New Crypto Partner Program

Global payments giant Mastercard has launched a new Crypto Partner Program, bringing together major industry players such as Binance, Ripple, and PayPal to help integrate blockchain technology into the company’s global payment infrastructure. 

The initiative includes more than 85 partners across the crypto and financial technology sectors, ranging from exchanges and stablecoin issuers to payment providers and blockchain companies. Mastercard says the program is designed to accelerate the use of digital assets in real-world financial applications such as cross-border payments, business-to-business transfers, and settlement services. 

Bridging Crypto and Traditional Payment Networks

The new partnership network aims to connect on-chain blockchain tools with Mastercard’s existing global payment rails, enabling faster and more efficient financial transactions across borders. 

Companies participating in the program will collaborate with Mastercard to develop products and infrastructure supporting:

• Cross-border remittances

• Business-to-business payments

• Stablecoin settlements

• Digital asset payouts and disbursements

The payments company said the initiative reflects a growing shift in the industry as digital assets move beyond speculation toward practical financial uses embedded within existing financial systems. 

Competing in the Stablecoin Payments Race

Mastercard’s move is also seen as a strategic response to growing competition in blockchain payments. Stablecoins alone processed more than $18 trillion in transaction volume in 2025, highlighting their increasing role in global finance. 

Despite this rapid growth, the amount of stablecoin transactions flowing through payment cards remains relatively small—about $18 billion annually—which Mastercard hopes to expand through its new network of partners. 

By building a large ecosystem of crypto partners, the company is positioning itself to capture a greater share of this emerging market while competing with rivals like Visa, which currently dominates crypto-linked card payments. 

Expanding Mastercard’s Crypto Ecosystem

Mastercard has already experimented with multiple blockchain initiatives in recent years, including:

• Crypto debit and credit card programs

• Blockchain settlement pilots

• Partnerships with stablecoin issuers and crypto wallets

The new partner program expands those efforts by bringing together a broad network of crypto companies that can help develop new payment products and infrastructure at scale.