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Mastercard Will Explore CBDC-based Applications And Invest In Smart Contract Technology

Mary Liu

Summary: According to Coindesk,  payment giant Mastercard is seeking to help governments evaluate use cases of central bank digital currency (CBDC) other than payments, MasterCard CEO Michael Miebach said on the company's first-quarter earnings conference call. MasterCard will explore CBDC-based applications. Miebach added: "This could be a smart trade contract. So smart contract technology is what ...

According to Coindesk,  payment giant Mastercard is seeking to help governments evaluate use cases of central bank digital currency (CBDC) other than payments, MasterCard CEO Michael Miebach said on the company's first-quarter earnings conference call.

MasterCard will explore CBDC-based applications. Miebach added: "This could be a smart trade contract. So smart contract technology is what we’re investing in."

Miebach also stated that they have some new cryptocurrency partnerships, which have been approved to start this quarter.

By Mary Liu

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