Today, Mastercard launched Crypto Secure, a new service for card issuers that aims to flag risky cryptocurrency exchanges. The solution is based on technology from CipherTrace, the crypto-intelligence company it acquired in September last year.

CipherTrace has tools for evaluating cryptocurrency wallets and service providers. And it is mainly this last point that is used here. Card issuers will have a color-coded dashboard to view transaction approvals and denials, view their overall crypto risk exposure, and compare themselves to other card issuers.

Based on these assessments, the card issuer can choose to flag or block transactions with more questionable crypto exchanges.

The solution also uses technology from other Mastercard subsidiaries, Finicity, Ekata, RiskRecon.

This is the latest offering from Mastercard, which now provides cryptocurrency and digital currency consulting services. It has also partnered with Bakkt to offer crypto to banks and fintechs and has collaborated with seven NFT platforms. One of his most recent initiatives was sponsoring the Decentraland Metaverse Gay Pride Parade.