MoonPay has announced a partnership with Mastercard, targeting Web3-based experiential marketing or new ways to connect with Mastercards consumers. 1780 Total views 25 Total shares Listen to article 0:00 News Join us on social networksGlobal payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay.
MoonPay officially announced on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve experiential marketing or find new ways to connect with Mastercards consumers.
The firm also took to X (formerly Twitter) to report that MoonPays enterprise president, Keith Grossman, and Mastercards chief marketing and communications officer, Raja Rajamannar, announced the collaboration at Money20/20 in Las Vegas.MoonPays partnership announcement with Mastercard. Source: X (formerly Twitter)
Mastercard will take advantage of MoonPays entire Web3 portfolio, including auth to minting to ETHPass and more as well as work closely with our agency, Otherlife, for strategy, creative and front-end dev work for their experiential initiatives, Grossman wrote in a post on LinkedIn.
Apart from new Web3 consumer experiences, MoonPay will also work to integrate Mastercard products and solutions to increase compliance and trust across the Web3 industry. MoonPay will specifically be incorporating Mastercards tools like Click to Pay, Mastercard Send and Mastercard Crypto Credentials into its payment solutions.
Were so grateful for the partnership and even more excited about whats ahead. Congrats to the full team, Mastercards Web3 marketing Adam Polansky commented on Grossmans post.
We are excited about this partnership and whats to come, Mastercards partnership executive Elizabeth Taylor also wrote.
Mastercard had not yet officially announced the news at the time of writing. The firm did not immediately respond to Cointelegraphs request for comment.
Mastercard has been actively exploring the blockchain and crypto industry, adding multiple industry products to its platform in recent years. In 2022, Mastercard launched a new program to allow banks to offer crypto trading capabilities to their customers in collaboration with Paxos. Mastercard also collaborated with Coinbase and MoonPay to bring its payments to Web3 and nonfungible tokens.
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Asteroids, comets, meteoroids, meteors, and meteorites may seem similar, but each plays a unique role in the Solar System. Asteroids are rocky remnants, comets are icy wanderers, meteors are shooting stars, and meteorites are fragments that survive the plunge to Earth.
A report into the deadly Lisbon Gloria funicular crash has said the cable linking the two carriages snapped.
The carriages of the city’s iconic Gloria funicular had travelled no more than six metres when they “suddenly lost the balancing force of the connecting cable”.
The vehicle’s brake‑guard immediately “activated the pneumatic brake as well as the manual brake”, the Office for the Prevention and Investigation of Aircraft Accidents and Railway Accidents said.
Image: Flowers for the victims in Lisbon. Pic: AP
Image: Pic: AP
But the measures “had no effect in reducing the vehicle’s speed”, as it accelerated and crashed at around 60kmh (37mph), and the disaster unfolded in less than 50 seconds.
Questions have been asked about the maintenance of the equipment, but the report said that, based on the evidence seen so far, it was up to date.
A scheduled visual inspection had been carried out on the morning of the accident, but the area where the cable broke “is not visible without dismantling.”
The Gloria funicular is a national monument that dates from 1914 and is very popular with tourists visiting the Portuguese capital.
Image: The Gloria funicular connects Lisbon’s Restauradores Square to the Bairro Alto viewpoint
It operates between Restauradores Square in downtown Lisbon and the Bairro Alto neighbourhood.
The journey is just 276m (905ft) and takes just over a minute, but it operates up a steep hill, with two carriages travelling in opposite directions.
How the disaster unfolded
At around 6pm on Wednesday, Cabin No.2, at the bottom of the funicular, “jerked backward sharply”, the report said.
“After moving roughly 10 metres, its movement stopped as it partially left the tracks and its trolley became buried at the lower end of the cable channel.”
Cabin No.1, at the top, “continued descending and accelerated” before derailing and smashing “sideways into the wall of a building on the left side, destroying the wooden box [from which the carriage is constructed]”.
It crashed into a cast‑iron streetlamp and a support pole, causing “significant damage” before hitting “the corner of another building”.
Cable failed at top
Analysis of the wreckage showed the cable connecting the cabins failed where it was attached inside the upper trolley of cabin No.1 at the top.
The cable’s specified useful life is 600 days and at the time of the accident, it had been used for 337 days, leaving another 263 days before needing to be replaced.
The operating company regards this life expectancy as having “a significant safety margin”.
The exact number of people aboard each cabin when it crashed has not been confirmed.
Britons killed in disaster
Kayleigh Smith, 36, and William Nelson, 44, died alongside 14 others in Wednesday’s incident, including another British victim who has not yet been named.
Five Portuguese citizens died when the packed carriage plummeted out of control – four of them workers at a charity on the hill – but most victims were foreigners.
Earl Pritchard and another family member were on the sideline wearing his son’s No. 35 jersey. Ethan Pritchard remains hospitalized in Tallahassee after surviving a gunshot wound to the head last weekend.
Florida State safety Earl Little Jr. brought out a No. 35 jersey to midfield for the coin toss, and Florida State players wore No. 35 wristbands to honor their teammate.
Defensive tackle Darrell Jackson Jr. wore a T-shirt with Pritchard’s face on it during pregame warmups.
According to Earl Pritchard, Ethan Pritchard was driving his aunt home when he was shot in the back of the head in Havana, Florida, 16 miles from Tallahassee, on Sunday night.
The Seminoles routed East Texas A&M 77-3 on Saturday, after which coach Mike Norvell presented Earl Pritchard with the game ball, and asked him to break the rock – a tradition generally given to the player of the game after each Seminoles victory.
Norvell grew emotional as he discussed Pritchard during his postgame media availability.
“The way that he plays the game … he loves it, he absolutely loves it. To know that right now that’s taken away from him in a senseless act, you don’t always know why you have to go through things in life but I do believe God has his hand over Ethan and this football team,” Norvell said.
“To have Earl here today – He’s a wonderful man, and being with him I know it’s so very hard. I know it’s hard for anybody to have to go through, but he told me early in this week, ‘I know where my boy wants to be so I’m going to go stand in his place for him.'”