Mastercard and MoonPay’s partnership enables people and businesses to pay and be paid using stablecoins across global markets. The two teams met at MoonPay’s newly opened U.S. headquarters for a three-day session on what the new card program should offer, what customers it would target and a slew more details for the planned launch. This work is representative of a massive effort across the crypto and traditional finance ecosystems, with both sides collaborating more than ever to cross-pollinate innovations across industries and create new capabilities for consumers. The goal, according to many working in this space, is nothing short of recreating payments — and the very nature of money. A big focus of these efforts involves stablecoins, cryptocurrencies pegged to another asset, like the U.S. dollar, so they maintain a consistent price. “We’re upgrading money for the internet,” MoonPay CEO and co-founder Ivan Soto-Wright, said alongside Grossman later that day. “Everything about MoonPay has been built around backwards compatibility to the existing financial system. So we want to plug in every single payment across every single part of the world.” Together, they’re looking to have new cards connect to users’ crypto wallets and enable stablecoin and crypto payments at the more than 150 million locations where Mastercard is accepted.