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Mastercard Launches “Crypto Source” to Bring Crypto Trading to Banks

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4 years ago

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The payment giant Mastercard has launched a new program dubbed “Crypto Source” in collaboration with cryptocurrency trading platform Paxos to enable banks and financial institutions to offer safe crypto trading services to their customers.

As per the announcement, the initiative would serve as a “bridge” between banks and the crypto trading platform Paxos. Mastercard will also handle security and regulatory compliance, two issues that are preventing banks from participating in the provision of crypto trading services.

As a result, Mastercard’s financial institution partners will have access to a full range of buy, hold, and sell services for a selection of cryptocurrency assets, as well as advice and proven identity services.

MasterCard Crypto Source to Allow Banks’ Crypto Services

The company claims that Mastercard Crypto SecureTM, which is a complement to the Crypto Source product, would help card issuers comply with stringent rules while enhancing the security of the crypto ecosystem.

The deal, according to Mastercard, seeks for Paxos to offer custody and trading services for crypto assets on behalf of the banks, while Mastercard will use its technology to incorporate such capabilities into the bank interfaces.

Mastercard Launches "Crypto Source" to Bring Crypto Trading to Banks

These services, according to the statement, contain four main parts: technology and partnership support to enable the purchase, holding, and sale of specific crypto assets; security management; crypto spending and cash-out capabilities given through a range of products and Crypto programme management.

Speaking on the partnership, Jorn Lambert, Chief Digital Officer at Mastercard, said, among other things;

“We’re excited to build on our long-term partnership with Paxos–co-innovating to bring safe and secure technology to financial institutions. Our crypto product innovations will provide choice at scale and continue to bring one-of-a-kind opportunities to financial institutions as they seek to offer new, advanced services to their customers”

Furthermore, Walter Hessert, Head of Strategy at Paxos, said that Mastercard has a strong worldwide network of financial institutions and that this service would allow those institutions the fastest and most reliable option to provide their customers with safe, reliable crypto access.

“We’re thrilled to partner with Mastercard to further accelerate the mainstream adoption of digital assets,” he said

Eligible financial institutions now have the option to manage customer investments in crypto assets directly thanks to this special mix of services.

But according to the company, the Mastercard Crypto Source is presently being readied for pilot projects, and they will make more information on its wider availability available at a later time.

MasterCard’s Web3 Advocacy

The payment giant has been quite active in the blockchain space. As previously reported, Mastercard and Binance introduced the Binance Card in August to bridge the gap between cryptocurrency and everyday transactions in Argentina.

Similarly, the company teamed up with several NFT marketplaces in June to take payments via its network for NFT purchases, making it “easier and safer” to buy NFTs.

The post Mastercard Launches “Crypto Source” to Bring Crypto Trading to Banks appeared first on The Cryptocurrency Post.

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Sky is a seasoned cryptocurrency expert with a passion for blockchain technology and digital finance. With years of experience in the crypto industry, he has authored insightful articles on market trends, emerging technologies, and investment strategies. His work has been featured in leading crypto publications, helping both beginners and seasoned investors navigate the complex world of digital assets. Sky is dedicated to providing readers with accurate, up-to-date information to make informed decisions in the rapidly evolving crypto space.

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Fetch.ai says LA Hacks project MultiEval used specialist agents to test multi-agent delegation

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4 days ago

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August 22, 2026

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Fetch.ai said a winning LA Hacks project called MultiEval used its specialist AI agents to test how multi-agent systems should delegate work, with the system running a 50-agent simulation of the US economy overnight.

In a post on the company’s official X account, Fetch.ai described MultiEval as a project that used its specialist agents to evaluate other agents and improve an agent harness autonomously. The company said the setup ran through ASI:One and framed the process as “agents evaluating agents.”

How the LA Hacks project was described

According to Fetch.ai, MultiEval was used to test delegation inside multi-agent systems, with specialist agents helping run the benchmark and improve the harness used for the simulation. The company did not provide additional technical details in the post about the exact structure of the evaluation or the full scope of the overnight run.

The post adds to Fetch.ai’s broader LA Hacks presence, but the central claim is limited to the project’s use of specialist agents, the 50-agent simulation and the ASI:One workflow described by the company.

Fetch.ai also has a LA Hacks event page on its official site, which places the project in the context of its hackathon participation and agent-focused materials.

The post Fetch.ai says LA Hacks project MultiEval used specialist agents to test multi-agent delegation appeared first on The Cryptocurrency Post.

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AI agents drove 16.2 million x402 transfers in 30 days

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4 days ago

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August 22, 2026

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AI agents initiated 16.2 million transfers through the x402 protocol over the past 30 days, according to a Token Terminal post. The data breaks down the activity across chains, with Base accounting for 9.5 million transfers and Polygon for 5.6 million.https://twitter.com/tokenterminal/status/2090165191489270116

The figures add fresh volume to x402, which describes itself as an internet-native payment standard for AI and agentic payments on its official dashboard. The headline metric points to measurable usage rather than a purely conceptual payment layer, although the data shown in the post is limited to transfers and does not by itself explain who the agents were or what kinds of payments they made.

The chain split also suggests the activity is concentrated rather than evenly distributed. Base led the tally by a wide margin, with Polygon also accounting for a large share of the reported transfers.

For now, the clearest takeaway is narrow but concrete: x402 is seeing repeated transfer activity from AI agents, and the recent count gives a cleaner snapshot of where that usage is showing up onchain.

The post AI agents drove 16.2 million x402 transfers in 30 days appeared first on The Cryptocurrency Post.

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Aptos launches Confidential APT with encrypted balances on mainnet

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3 weeks ago

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August 6, 2026

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Aptos said Confidential APT is now live on mainnet, bringing opt-in encrypted balances to the network while keeping wallet addresses visible. The feature is positioned for compliant use cases including payroll, treasury and business-to-business settlement.https://twitter.com/Aptos/status/2084481961553445096

The Aptos account said transactions are verified with zero-knowledge proofs, allowing the network to confirm that transfers are valid without exposing the underlying amounts. The update is meant for users who want confidentiality for specific transfers rather than full anonymity across the network.

A separate governance page tied to the rollout shows the proposal as executed, matching Aptos’ public statement that the feature has been enabled on mainnet. The material linked from that page describes Confidential APT as part of Aptos’ on-chain privacy features.

How the feature is framed on Aptos

According to Aptos, Confidential APT is opt-in, so users can still use standard transparent transfers if they prefer. The company’s framing focuses on enterprise and institutional settings where transaction amounts may need to be hidden while counterparties remain identifiable.

The launch adds a privacy layer at the transaction level, but it does not by itself indicate broader usage or adoption. It does, however, give Aptos a live mainnet mechanism for hiding balances on selected transfers.

The post Aptos launches Confidential APT with encrypted balances on mainnet appeared first on The Cryptocurrency Post.

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