Ashok Venkateswaran, the head of blockchain and digital assets for Mastercard in the Asia-Pacific region, stated that currently, there are not sufficient reasons for widespread use of central bank digital currencies (CBDCs), making it difficult to adopt such assets. Additionally, Venkateswaran stated that there is no reason to use retail CBDCs in Singapore, but there are reasons to use wholesale CBDCs for interbank settlements.
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Mastercard: Difficulty with central bank digital currencies lies in adoption
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