Global payment heavyweight has reportedly finalized the acquisition of CipherTrace – a blockchain intelligence entity, having crypto forensics abilities to cover more than 900 digital coins. 

Specifically, the newly completed acquisition has reportedly indicated Mastercard’s presence across the crypto and digital currencies scene has largely been widened. 

As included within the scope of the takeover, Mastercard reportedly shared its intention to carry out the integration of CipherTrace’s operations into its own cyber security solutions catering to virtual assets.

Per the announcement, Mastercard will reportedly blend its cyber capabilities with CipherTrace technology, in an attempt to distinguish between its card and real-time payments architecture.

For Mastercard, the acquisition will reportedly make it possible for its customers and partners to achieve digital assets adoption, while still stay compliant with financial regulatory provisions.

Mastercard’s cyber and intelligence chief Ajay Bhalla reportedly shared some remarks regarding the development, stating that the growth of the crypto market has led to the need for trusted and safe operations to be rolled out. 

As a matter of fact, Mastercard has reportedly been setting its footprint throughout the crypto and blockchain investment sphere, including forming alliances with major crypto primitives in the crypto credit and debit card arena, such as Gemini and BitPay.

In July this year, the Head of the firm reportedly disclosed that Mastercard has to be widely visible across the crypto sector.