Mastercard to allow crypto payments in Web3 via USDC settlements

A partnership between Web3 payment protocol Immersve and payments giant Mastercard will allow users to make crypto payments on digital, physical and the metaverse worlds.

Once the transaction is successful from the user’s end, USD Coin (USDC) — a United States dollar-backed stablecoin issued by Circle — will get converted to fiat and be used to settle transactions on Mastercard’s network.