Mastercard, whose Crypto Credential system verifies endpoints involved in digital asset transfers, has partnered with Busha, a pan-African digital asset exchange, to extend the service to eligible users in Nigeria.
Under the agreement, eligible Busha users receive a unique Crypto Credential alias linked to their account. The alias can be used to send or receive supported digital assets without relying on long blockchain addresses, and can also be used when transacting with users on other participating exchanges and wallets.
The system performs another check before a transfer is completed. It confirms whether the recipient can receive the selected digital asset on the intended blockchain, with the aim of reducing failed or misdirected transactions. Because verification takes place at the platform level, eligible Busha users do not need to complete additional setup after the credential is issued.
Gabriel Swanepoel, division president, Africa at Mastercard, said: “Digital asset transfers should be as intuitive and trusted as other forms of digital payments. Mastercard Crypto Credential gives users and institutions greater confidence that they are sending funds to verified endpoints, while making transactions simpler through easy-to-use aliases. By partnering with Busha, one of Nigeria’s leading digital asset platform, every verified Busha user is reachable simply using their email or phone number. Together, we are supporting responsible innovation and advancing secure, trusted digital asset infrastructure across Africa.”
The partnership makes Busha one of the first digital asset exchanges in Africa to enable Mastercard Crypto Credential for its users. According to the companies, the service is designed to support transactions across participating platforms rather than limiting transfers to Busha accounts.
“At Busha, we are focused on making digital assets more practical, accessible and trusted for everyday users, and our collaboration with Mastercard helps us achieve this. By enabling eligible users to transact using verified aliases, Mastercard Crypto Credential can make the experience simpler and more intuitive, while reinforcing the security and compliance standards that users expect from Busha. We are proud to help bring this capability to Nigeria and support the responsible growth of the digital asset ecosystem across Africa.”
The companies said the service is being introduced as digital assets are used across Africa for investing, remittances and cross-border commerce. For Busha users, the rollout adds a verified identification layer to transfers while keeping the transaction flow within supported exchanges and wallets.
