Mastercard set to acquire Security firm CIPHER TRACE

CIPHER TRACE is a company that scans the Blockchain for illegal transactions and Mastercard has setup up a new deal to acquire the company which will give them access to monitor over 900 different crypto currencies, the information was announced on Thursday .this will have a good effect on crypto transactions as a high percentage of yearly crypto transactions are done with Mastercard. The acquisition will be done to ensure a save transaction as well as minimize illegal transactions and cyber crimes by tracing different crypto wallets, thereby making it easy to investigate fraud activities and cyber crimes involving crypto currencies in a large scale all at ounce. The payment giant Mastercard has made an announcement that it would allow merchants to accept crypto payments through its network in order to enable merchants and businesses to move digital value without worrying about getting scammed.
Source ; coindesk
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