MasterCard 2021 Investment Community Meeting: A Plan To Help Crypto?

On a daily basis, things shift and news ventures emerge as old ones fade away. Older names in finance, such as MasterCard, are now finding new ways to stay in touch with the future. During an investment community meeting held on November 10th by MasterCard, an announcement and plan was laid out that is a push in the direction in future economics for the firm, with a highlight specifically around cryptocurrency. Related Reading \ TA: Ethereum Corrects Sharply, What Could Spark Fresh Increase MasterCard: New Grounds For Old Feet In this plan, MasterCard discussed specific things that will help the crypto community push forward and allow everyday people to feel more safe about using cryptocurrency. The firm spoke that the focus will be built around “crypto enablement,” which involves spending, cashing out, and cryptocurrency rewards, as well as crypto security, identity services, and network access. This happens also include interoperability, stablecoins and central bank digital currencies (CBDC) – all of which are increasingly hot topics in crypto lately. MasterCard senior executives believe that crypto payment flows, including remittances, traditional finance (TradeFi) and decentralized finance (DeFi) represent a net new volume for the company. This is emphasized by recent partnerships in the Asia Pacific region that will allow consumers and businesses across the area to obtain crypto-linked Mastercard credit, debit and p...