Mastercard Acquired CipherTrace

Mastercard acquired CipherTrace. Mastercard is getting closer to the cryptocurrency market every day.

Adding CipherTrace to its structure, Mastercard draws a picture as if it will lean more towards the cryptocurrency ecosystem. CipherTrace, which can currently provide detailed tracking and data services for more than 900 cryptocurrencies, is being acquired by MasterCard. With the new purchase, Mastercard will have a healthier flow of information about cryptocurrencies and transfers of these currencies. The aforementioned purchase, which is defined as an important step in cybersecurity, will shed light on the relative privacy of blockchain networks, which are actually transparent and public, due to the fact that the owners of the wallet addresses are not known. With the algorithms and tracking systems created by CipherTrace, it is aimed to identify individuals and transfers, and to establish a healthier relationship with regulatory bodies in regards to cryptocurrencies. The solutions and mechanisms put forward by CipherTrace aim to prevent fraudulent attempts that can be made through cryptocurrencies, as well as to increase security to the next level. Behind Mastercard's acquisition strategy of CipherTrace is to provide its users with healthier solutions and to ensure the transfer of assets, which are called digital values.