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Mastercard will begin allowing cardholders to transact in certain cryptocurrencies on its network, becoming the latest company to embrace digital assets. The firm is also “actively engaging” with central banks around the world on their plans to launch new digital currencies. The company will prioritize consumer protections and compliance in its own plans, Raj Dhamodharan, executive vice president of digital asset and blockchain products and partnerships, said in the post.
“Many of the hundreds of digital assets in circulation still need to tighten their compliance measures, so they won’t meet our requirements,” Dhamodharan said. “We expect consumers and the ecosystem as a whole will start to rally around the crypto assets that offer reliability and security.”
