Mastercard executive: Enterprise cryptocurrency adoption has reached a practical stage, and the futu
Raj Dhamodharan, head of the cryptocurrency and memory blockchain department at payment giant Mastercard, stated in an interview with CoinDesk that traditional financial companies that use cryptocurrencies have moved beyond the experimental phase and are actively researching practical solutions.
Dhamodharan It is pointed out that Mastercard has implemented stablecoin payment function for financial institutions, which can choose to settle transactions through stablecoins, reflecting the overall trend of cryptocurrency adoption.
Last week, Mastercard announced a partnership with cryptocurrency compliance company Notabene to integrate the Mastercard Crypto credential system into its SafeTransact platform, enhancing the security and usability of digital asset transactions.
Dhamodharan The key to hindering the popularity of cryptocurrency is that consumers need to be able to find each other through familiar ways
Dhamodharan It is pointed out that Mastercard's goal is to become a connector between traditional finance and memory blockchain networks, ensuring compliance with regulations while implementing new business models. The company plans to announce more partnerships and application scenarios by 2025, strengthening its commitment to integrating cryptocurrency into global payments. He said, "As the entire industry, we need to be more open and make cryptocurrency as widely popularized as possible
Optimistic about the development of tokenized assets
Dhamodharan is also optimistic about the future development of tokenization, believing that as companies such as BlackRock and Franklin Templeton increasingly demand "tokenized real assets," the market will need new business models to meet this trend.
Dhamodharan From a regulatory perspective, if the issue of how deposits exist in some form on public blockchains becomes clearer over time, then I believe this field can even reach a higher level in terms of how to scale up
In 2025, Mastercard's main focus will include improving the deposit and withdrawal channels between cryptocurrencies and the banking system, while making the process as smooth and secure as possible, and expanding the features and functions of its "encrypted certificate" product. Mastercard also revealed that its third key focus area is stablecoins, and the company believes that "the future will be a world where deposits and stablecoins coexist
