Jessica Turner, Executive Vice President for Digital Infrastructure and Financial Technologies Development, Mastercard shared her opinion on the development of stablecoins, NFTs and government digital currencies. During a podcast with The Block analyst Frank Chaparro, Jessica Turner spoke about the steps Mastercard is taking to engage with the cryptocurrency industry.
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About mastercard ℹ️
Mastercard is a global technology company that operates in the financial services industry, specializing in payment processing and technology solutions. As one of the world's leading payment network providers, Mastercard facilitates electronic payments and transactions between merchants, financial institutions, and consumers worldwide. Founded in 1966, Mastercard has established itself as a trusted and innovative leader in the payments ecosystem, offering a wide range of products and services to enable secure, convenient, and efficient payment experiences. The company's network infrastructure facilitates the authorization, clearing, and settlement of transactions across various payment channels, including credit cards, debit cards, prepaid cards, and mobile payments. Mastercard's technology platforms and solutions empower merchants, banks, governments, and other stakeholders to leverage digital payments and emerging technologies to drive financial inclusion, economic growth, and innovation. Through its extensive network of partners and collaborators, Mastercard continues to drive the adoption of digital payments, advance financial inclusion initiatives, and address evolving consumer needs and preferences. In addition to its core payment processing business, Mastercard invests heavily in research and development to develop cutting-edge payment technologies, including tokenization, biometrics, artificial intelligence, and blockchain. These innovations enhance security, privacy, and convenience in the payment ecosystem, enabling seamless and frictionless transactions across digital and physical channels. As a responsible corporate citizen, Mastercard is committed to promoting sustainability, diversity, and social responsibility in its business operations and global initiatives. The company actively supports environmental conservation, social empowerment, and community development efforts to create a more inclusive and sustainable world. Overall, Mastercard's dedication to innovation, technology, and collaboration has positioned it as a key player in shaping the future of payments and driving positive change in the global financial landscape. With its continued focus on delivering value, security, and convenience to customers and partners, Mastercard remains at the forefront of the digital payment revolution.
Bitcoin will be ahead of other payment systems, such as Visa and MasterCard, within ten years, if the growth of the network continues at the same pace.
DataLight made such a forecast in a research comparing Bitcoin with traditional payment systems, which also included PayPal, noting the rapid development of cryptocurrency since its inception in 2009.
Anthony Pompliano, told CNN in an interview why he and other entrepreneurs are protecting Bitcoin and remain committed to new technologies even though the market is plummeting.
New patent applications from MasterCard show that one of the largest credit card operators looks at the blockchain as a way to make the calculations more simple and quick. In a patent application published last week in the US Patent and Trademark Office (USPTO), the company describes a database on a blockchain that can instantly process payments, ensuring that sellers do not need to wait a few days to receive funds for their goods.