Mastercard has announced its collaboration with Polygon to enhance cryptocurrency transactions by enabling verified username transfers. This new system, revealed on November 18, allows users to send digital assets using simplified usernames instead of complex wallet addresses. Polygon will facilitate these transactions, offering high-speed and cost-effective processing. Raj Dhamodharan, Mastercard's Blockchain and Digital Assets Executive Vice President, emphasized that this initiative aims to build trust and accessibility in digital token transfers by simplifying the process and adding verification measures.