MasterCard is Making Everything Crypto-possible
Mastercard is constantly proving the world that cryptocurrency is worth embracing. I must say, there is no other company who did it like them. With all the uncertainty and new rulings getting published around the world, Mastercard announced their adding payments-focused consulting services for crypto and digital currencies. It is one step closer to developing central bank digital currencies.
The central bank digital currencies or CBDCs are crypto-like currencies issued by the nation’s monetary authority. These are being developed in different countries around the world, and are pegged to the value of the country’s fiat currency. Take note, however, that CBDCs are regulated by the central bank and transactions may not be anonymized unlike some cryptocurrencies.
Despite that, Mastercard is still pushing forward its initiative to offer crypto and NFT consultations for different banks and merchants. In addition, Mastercard even mentioned that they are more than willing to help banks explore the possibility of developing and implementing CBDCs through its own testing platform. The supporters of the said giant company, took this positively and are looking forward to learning more crypto strategies.
Accurate strategies are vital to an investment industry like cryptocurrency. At its juncture, knowledge is your greatest weapon.