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Kima Integrates with Mastercard to Enable Seamless Stablecoin Card Top-Ups

Decentralized settlement protocol Kima has announced its integration into Mastercard’s sandbox program, allowing stablecoin top-ups for prepaid cards from self-custody wallets.

This development means that Mastercard partners can facilitate card top-ups using popular stablecoins such as USDC and Tether’s USDt across over 10 blockchains.

Kima’s CEO, Eitan Katz, emphasized that this integration demonstrates the practical utility of stablecoins in everyday financial transactions.

He noted that the solution minimizes friction and removes intermediaries in crypto-to-fiat conversions while enhancing the usability of digital currencies.

Katz expressed aspirations to bridge the gap between digital assets and traditional finance, advocating for a coexistence of crypto and fiat to maximize their potential.

The Kima settlement system is designed to be asset-agnostic, supporting various payment environments while ensuring security and efficiency.

Kima's approach to compliance balances user control with necessary regulatory oversight, ensuring data privacy while meeting local regulations.

Katz noted that the platform conducts checks process through third-party banks and virtual asset service providers, protecting user information.

With the inclusion of Kima in the European Central Bank's initiative for digital euro innovation, the firm is poised to influence the future of finance.

Overall, this integration with Mastercard represents a significant step forward in bringing stablecoin functionalities into mainstream financial usage.