Mastercard buys cryptoanalytics company CipherTrace

Mastercard has announced the acquisition of cryptoanalytics project CipherTrace. The project allows tracking suspicious blockchain activity for more than 900 popular crypto assets. The deal between the companies is scheduled to close by the end of 2021, its amount was not disclosed.

With CipherTrace, Mastercard plans to expand its capabilities in the cryptosphere. The payment system will give its partners access to CipherTrace services to develop a project to ensure security and transparency in the management of digital assets. This text is from company ​cryptodefix.