Mastercard Blockchain Vision: 30% of Transactions Tokenized, Digital Assets on the Rise
According to Mastercard, a multinational payment services corporation, 30% of its transactions were tokenized in 2024. It also acknowledged how cryptocurrencies, including stablecoins, have the potential to upend established financial services. The company claimed in a filing with the US Securities and Exchange Commission that it had made meaningful progress toward its objective of innovating the payments ecosystem, including tokenizing transactions, developing solutions to open up blockchain-based business models, and making digital asset access easier.
Through a principled approach (including applying prudent risk management practices and maintaining continuous monitoring of our partners that are active in the digital asset market), we are focused on supporting blockchain ecosystems and digital currencies,
Mastercard
Mastercard Expands Crypto Partnerships as Stablecoins Challenge Traditional Payments
In order to enable customers to purchase cryptocurrency on cards and spend the balances where their brands were accepted, Mastercard stated that it collaborated with a variety of cryptocurrency players. Additionally, the business announced $28.2 billion in 2024 net revenue, a 12% rise over the year before.
Stablecoins and other cryptocurrencies are becoming competitors in the payments sector, Mastercard recognized. According to the corporation, digital currencies could disrupt traditional financial markets and pose a threat to its current line of products. Stablecoins and cryptocurrencies, it was stated, might gain popularity as they are regulated since digital assets offer efficiency, accessibility, and immutability.
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