Mastercard working on blockchain to connect TradFi and crypto: report
Mastercard is developing a blockchain-powered Multi-Token Network to connect traditional financial institutions with the digital asset space.
The initiative, led by Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, aims to provide a compliant, user-friendly experience for moving digital assets, similar to Venmo or Zelle, according to Business Insider
Mastercard is positioning itself as a key infrastructure provider in the growing blockchain ecosystem. By integrating its vast payment network with blockchain technology, the company seeks to enable seamless transactions between fiat and crypto markets.
Dhamodharan highlighted that financial institutions are increasingly…
