Mastercard purchases cryptocurrency intelligence company

Mastercard remains to strengthen its digital asset abilities, purchasing cryptocurrency intelligence firm CipherTrace.

CipherTrace analyses huge amounts of authorized blockchain transactions to build up insight on more than 900 cryptocurrencies.

Mastercard states that by mixing this with its own cybersecurity technology, it can give companies superior transparency into the crypto space, serving them to understand risks and achieve their digital asset regulatory and compliance obligations.

President, cyber and intelligence, Mastercard, says:

“With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe. Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.”