CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Cryptopolitan 2023-11-17 16:37:05

Mastercard executive reveals why CBDCs can’t take off yet

Mastercard, a global payments giant, has expressed skepticism about the widespread adoption of Central Bank Digital Currencies (CBDCs), citing consumer comfort with existing monetary systems, according to CNBC. Ashok Venkateswaran, Mastercard’s lead for blockchain and digital assets in the Asia-Pacific region, emphasized the challenges in adopting CBDCs. Venkateswaran says the key difficulty lies in ensuring ... Read more

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.