Mastercard has launched a new program to collaborate with key players in the central bank digital currency (CBDC) space. The global value of CBDCs is expected to grow to over $200 billion by 2030, with most transactions being domestic. Mastercard is teaming up with companies such as Ripple, Consensys, and Fireblocks to learn from each other. The author discusses the potential of electronic cash to provide a platform for new products and services, and Mastercard is working with industry partners to address questions about CBDC issuance, security, privacy, and interoperability.
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Mastercard Launches CBDC Partner Program with Ripple, Consensys, and Fireblocks to Learn from Key Players in Digital Currency Space
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