MasterCard announced purchase of CipherTrace blockchain analytics service – Bits Media

One of the world's largest payment systems MasterCard continues to expand in the cryptocurrency industry with the acquisition of analytical company CipherTrace.

Using the developments of CipherTrace, the payment company plans to improve its own systems in the field of information security. Besides, CipherTrace solutions will help refine the MasterCard platform to support cryptocurrencies and ensure better compliance with regulatory requirements.

“Digital Assets Can Change Commerce, transform the economy, make them more efficient. The rapid growth of the digital asset ecosystem makes it critical to build a trusted and secure platform. We're going to do this by combining the power of MasterCard and CipherTrace. ", - emphasized the President for Cyber ​​Technologies of MasterCard Ajay Bhalla (Ajay Bhalla).

Платформа CipherTrace позволяет отслеживать более 900 cryptocurrency. The company's clients get access to tools for tracking transactions on these assets and solutions to ensure the security of cryptocurrency transactions. Equally important are CipherTrace analytics services in the cryptocurrency industry.. Transaction amount, Unfortunately, not called.

In its press release, the payment company notes, that the acquisition of CipherTrace was part of MasterCard's ambitious strategy to create new products and leverage distributed ledger technology. The company has previously launched
accelerator Start Path, within which she provided support to seven cryptocurrency firms.