Kima joins Mastercard sandbox to enable stablecoin card top-ups
Kima has integrated into Mastercard’s sandbox program, allowing stablecoin top-ups for prepaid cards from self-custody wallets. This integration supports stablecoins like USDC and USDT across over 10 blockchains. Kima’s CEO, Eitan Katz, emphasized that this development demonstrates the practicality of stablecoins for everyday use, aiming to remove intermediaries in crypto-to-fiat conversions. Kima's asset-agnostic settlement system simplifies cross-ecosystem payments, enhancing security and efficiency without relying on intermediaries or complex smart contracts. Kima is also included in the European Central Bank's digital euro initiative, collaborating with 70 private sector partners. Katz stated that compliance does not require relinquishing control over funds or data, as third-party banks handle checks, and users maintain control of their keys while ensuring compliance with regulations.
