The payment system will provide partners with access to service products. With their help, they will be able to track suspicious activity in the blockchain of more than 900 digital assets.
Payment system Mastercard announced the purchase of the analytical crypto service CipherTrace, which monitors suspicious activity on the blockchain of more than 900 digital assets.
The closing of the deal is planned by the end of this year, The parties did not disclose the amount of the transaction.
With the purchase of CipherTrace, the payment system plans to expand opportunities in the cryptocurrency industry.
Mastercard will provide access to CipherTrace products to its partners and develop a new service that will enable companies to ensure transparency and security in their digital asset management.
At the end of July this year, Mastercard announced the launch of a new Start Path program, which will support seven startups from the digital asset and blockchain industry.
About CipherTrace
CipherTrace, a major cryptocurrency intelligence firm, connects virtual currencies and financial services with solutions for fraud prevention, anti-money laundering, and financial investigation.
CipherTrace obtains superior cryptocurrency intelligence by studying large amounts of verified blockchain transaction attribution. The creators of CipherTrace are committed to safeguarding consumer privacy and promoting the blockchain economy while combating illegal funding.
CipherTrace commercial products are built on a foundation of deep experience in cybersecurity, eCrime, payments, banking, encryption, and virtual currencies.