CryptoMediaClub
Sunday, October 12, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Mastercard and Kima Create Bridge Between DeFi and TradFi

15.05.2024
A A
0
124
VIEWS
ShareShare

FinTech company Kima is teaming up with Mastercard’s FinSec Innovation Lab, with support from the Israel Innovation Authority, to launch a project integrating decentralized finance (DeFi) with traditional banking services.

Mastercard and Kima Develop “DeFi Credit Cards”

Kima, a decentralized peer-to-peer money transfer protocol, received a grant from the Israel Innovation Authority (IIA) and joined Mastercard’s FinSec Innovation Lab initiative. The collaboration aims to develop a “DeFi credit card,” a tool linking traditional financial services with DeFi protocols.

FinSec Innovation Lab is a joint initiative between Mastercard, the Israel Innovation Authority, the Israel National Cyber Directorate, and Israel’s Ministry of Finance. Founded in 2020, its main goal is to promote innovation in financial technology and cybersecurity for payment systems. FinSec Innovation Lab collaborates with Israeli startups, allowing them to test and develop products, model complex financial processes, and develop solutions under the guidance of professionals.

The collaboration between Kima and FinSec Innovation Lab seeks to expand the capabilities of the Kima payment protocol, which facilitates direct money transfers through blockchain systems and bank accounts without using smart contracts. Mastercard will leverage its infrastructure to explore and develop innovative remittance methods, linking bank accounts and credit cards to various DeFi ecosystem tools.

FinSec Innovation Lab will become a validator of the Kima node and act as a key stakeholder within the network as part of the project. Mastercard’s participation in the project will strengthen the Kima payment protocol in anticipation of the upcoming launch of the mainnet and native tokens, scheduled for Q2 2024.

According to Eitan Katz, CEO and Co-Founder of Kima, the payment provider’s settlement layer allows it to handle cross-border transfers and cryptocurrency payments, serving a wide range of DeFi apps, including lending protocols, GameFi projects, marketplaces, wallets, and exchanges. Katz believes that the only barrier to mass integration of DeFi and TradFi is having an easily accessible and secure way to combine them.

Kima is a decentralized P2P transfer protocol that doesn’t depend on infrastructure. Kima’s software platform enables the transfer of value within any financial infrastructure, whether or not it utilizes blockchain. The protocol is based on a new financial primitive known as Smart Transaction and a simple and straightforward SDK designed to allow Web3 apps to interact with Web2 ecosystems.

The project enables financial transfers and payments using hybrid and cross-chain transactions. The system allows for the use of any asset class, eliminating regulatory and financial risks while maintaining high security. With this, Kima has the potential to bring together decentralized apps, FinTech companies, banks, and other traditional financial institutions.

Mastercard is actively involved in developing the Web3 ecosystem, collaborating with blockchain companies 1inch, MoonPay, Stables, Immersve, Binance, Paxos, and others. The payments giant is also exploring the prospects of CBDCs and testing the possibilities of tokenized assets.

Сообщение Mastercard and Kima Create Bridge Between DeFi and TradFi появились сначала на CoinsPaid Media.

Share10Tweet6ShareSharePin2

Related Posts

Ethereum Price Prediction: Can ETH Reclaim $4,500 as Bitcoin Tests $112K Support?
All news

Ethereum Price Prediction: Can ETH Reclaim $4,500 as Bitcoin Tests $112K Support?

12.10.2025
0

Ethereum Price Prediction: Can ETH Reclaim $4,500 as Bitcoin Tests $112K Support?Ethereum is showing signs of stabilization after a volatile...

Read moreDetails
Securitize Weighs $1B SPAC Merger With Cantor Fitzgerald-Backed Firm

Securitize Weighs $1B SPAC Merger With Cantor Fitzgerald-Backed Firm

12.10.2025
Bitcoin Could Rebound 21% This Week as October Trends Favor Recovery, Economist Says

Bitcoin Could Rebound 21% This Week as October Trends Favor Recovery, Economist Says

12.10.2025
Why SpacePay (SPY) Presale Should Not Be Missed: The Most Anticipated Crypto Solutions Are Finally Here

Why SpacePay (SPY) Presale Should Not Be Missed: The Most Anticipated Crypto Solutions Are Finally Here

12.10.2025
Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

12.10.2025
Load More
Next Post
Floki Inu Price Prediction as FLOKI Lists on Revolut Business – Is an ATH on the Way?

Floki Inu Price Prediction as FLOKI Lists on Revolut Business – Is an ATH on the Way?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Shift4 Extends Global Crypto Payment Capabilities to Commerce Sector

Shift4 Extends Global Crypto Payment Capabilities to Commerce Sector

12 months ago
North Korea’s Cyber Activities and Crypto Theft Fuel Half of Foreign Currency Revenue: UN

North Korea’s Cyber Activities and Crypto Theft Fuel Half of Foreign Currency Revenue: UN

2 years ago
Binance Burns 796 Million LUNC Tokens in 13th Burn Batch

Binance Burns 796 Million LUNC Tokens in 13th Burn Batch

2 years ago
Crypto in Russia: More People Using Tokens for Payments, Claims Academic

Crypto in Russia: More People Using Tokens for Payments, Claims Academic

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Why SpacePay (SPY) Presale Should Not Be Missed: The Most Anticipated Crypto Solutions Are Finally Here

Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

IOTA Miner: A New Path for BTC, XRP, and BNB Investors

A New Opportunity for XRP Investors: Easily Participate in Cloud Mining through PAXMINING

Fed Cuts Rates, Bitcoin Breaks Records — Join Invro Mining to Embark on BTC Journey

Trending

Ethereum Price Prediction: Can ETH Reclaim $4,500 as Bitcoin Tests $112K Support?
All news

Ethereum Price Prediction: Can ETH Reclaim $4,500 as Bitcoin Tests $112K Support?

12.10.2025
0

Ethereum Price Prediction: Can ETH Reclaim $4,500 as Bitcoin Tests $112K Support?Ethereum is showing signs of stabilization...

Securitize Weighs $1B SPAC Merger With Cantor Fitzgerald-Backed Firm

Securitize Weighs $1B SPAC Merger With Cantor Fitzgerald-Backed Firm

12.10.2025
Bitcoin Could Rebound 21% This Week as October Trends Favor Recovery, Economist Says

Bitcoin Could Rebound 21% This Week as October Trends Favor Recovery, Economist Says

12.10.2025
Why SpacePay (SPY) Presale Should Not Be Missed: The Most Anticipated Crypto Solutions Are Finally Here

Why SpacePay (SPY) Presale Should Not Be Missed: The Most Anticipated Crypto Solutions Are Finally Here

12.10.2025
Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

12.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz