Mastercard has created a CBDC Partner Programme to promote collaboration in the field. This includes working with blockchain tech and payment service providers to enhance the central bank digital currency sector.
Mastercard has created a program called CBDC Partner Programme, which brings together various important players to better understand the pros and cons of CBDCs (central bank digital currencies). This includes figuring out how to make CBDCs safe, smooth, and helpful.
The first members of this program are companies like Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient, and Fireblocks. They are experts in CBDCs, blockchain technology, digital identity, and security.
Raj Dhamodharan, who leads digital assets and blockchain at Mastercard, says the goal is to work together with these experts to come up with new ideas and better ways of doing things. This will help the central banking community and the CBDC world to improve and change as things develop.
Dhamodharan adds that in the future, as more things become digital, it’s really important that using CBDCs is just as easy as using regular money.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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