Mastercard’s CEO reveals plans for cryptocurrencies, stablecoins and CBDCs

    Mastercard revealed plans to develop products and services around cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). The company wants to play a role in all three vibrant crypto areas, according to the CEO. Mastercard’s CEO, Michael Miebach, provided an update of the company’s cryptocurrency plans during the earnings call on Thursday. He explained that…

    Mastercard announced supporting select cryptocurrencies on its payment network

    Mastercard has tracked customer usage as it relates to cryptocurrency, particularly Bitcoin. The company has seen consumers using their Mastercard debit cards to purchase crypto assets and begin to use crypto cards on its network. With cryptocurrencies becoming more accepted as an investment and payment method, Mastercard is taking steps to make it easier for…