Mastercard executives: If existing solutions cannot meet the needs, we do not rule out the possibility of developing our own blockchain in the future

PANews reported on September 2 that according to Gregory Raymond, co-founder of The Big Whale, Christian Rau, head of European encryption at payment giant Mastercard , said in an interview that Mastercard is gradually integrating encryption technology into its global payment network, but does not regard it as a revolutionary change.

Mastercard has launched crypto asset deposit and withdrawal services, as well as payment cards linked to crypto accounts. The company believes that stablecoins can accelerate settlements but cannot replace the protections provided by traditional networks. Rau emphasized that Mastercard's core strategy remains to enable secure and compliant payments and collections, and that crypto technology complements, rather than reinvents, existing systems.

Furthermore, Mastercard is collaborating with partners such as MetaMask, Bitget, and MoonPay to promote the adoption of crypto payments among merchants. Its crypto payment cards transparently convert digital assets into fiat currency to complete transactions. For non-custodial wallets, Mastercard has developed a smart contract architecture that verifies funds in real time. Regarding the development of its own blockchain, Rau stated that interoperability with existing solutions is currently a priority, but if existing solutions fail to meet demand, he remains open to exploring this possibility in the future.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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