Mastercard Views Crypto As a Payment Tech, Not a Revolution
In a recent interview, Mastercard Europe’s crypto head, Christian Rau, stated that he views crypto as a payment technology, and not a revolution. Rau says that the platform is integrating cryptocurrencies as a payment option, and does not intend it to be a disruption. Rau highlighted that Mastercard processes 5,000 transactions per second. However, he cautioned that speed is not the only goal. He stated, “It’s the entire ecosystem around it (anti-fraud, compliance, recourse) that gives value to our network.“
Will Mastercard’s Crypto Bet Pay Off?
The popularity of cryptocurrencies has skyrocketed over the last few years. The industry was once shunned by mainstream finance. Today, some of the…
