THORWallet, Unblock partner to expand noncustodial Mastercard
THORWallet has partnered with Swiss-regulated Unblock to offer noncustodial Mastercard cards and stablecoin settlement across more than 175 countries.
THORWallet and Swiss-regulated payments firm Unblock announced a partnership to expand access to noncustodial Mastercard products and stablecoin settlement in over 175 countries.
Under the agreement, Unblock will provide card issuance and payments infrastructure while THORWallet supplies the noncustodial wallet front end. The integration will enable virtual and physical Mastercard products that can be funded and settled with stablecoins.
Unblock is headquartered in Switzerland and maintains offices in Panama, Medellín and Miami. THORWallet is a Swiss-based mobile wallet that offers on-chain finance, cross-chain swaps and card functionality.
THORWallet cited regulatory alignment, geographic reach and product flexibility as reasons for selecting Unblock instead of larger card providers. The partnership is Unblock’s first with a noncustodial wallet, allowing the teams to design card features and stablecoin rails without adapting a custodial model.
Users will keep their private keys in THORWallet’s self-custody environment while accessing stablecoin settlement rails for faster cross-border transfers and Mastercard acceptance through virtual and physical cards in supported jurisdictions.
Unblock’s platform supports both fiat and crypto payment flows, card issuance and global distribution. The company’s infrastructure is intended to allow partners to launch card programs and stablecoin-based payments across its distribution footprint.
THORWallet provides access to decentralized liquidity networks including THORChain and Maya Protocol, and offers features such as Swiss IBAN account access and DeFi yield options. The company describes its product as a noncustodial mobile wallet for holding, swapping, earning and spending digital assets.
The partnership comes amid increased industry interest in stablecoin settlement and crypto-enabled payment rails from payment networks and fintech firms. THORWallet and Unblock said they will continue developing card functionality and other product features after initial rollout.
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