According to Mars Finance news on November 18, Coindesk reported that Mastercard has chosen Polygon to build a new type of crypto transfer system, allowing for cryptocurrency transmission using readable usernames instead of complex wallet addresses. According to a press release from Mastercard, its “crypto credential” technology standardizes blockchain address verification by creating human-readable aliases for verified users. The crypto payment API company Mercuryo will be responsible for identification and alias distribution, allowing users to bind these aliases to self-hosted wallets. This model mimics the operational logic of applications that transfer funds using usernames rather than bank account information, with the system assigning a unique name that can be linked to a wallet for users. Users can also apply to generate credential tokens on Polygon, which showcase their wallet's support for verified transfer functions and assist applications in completing credential-based transaction routing.
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