Mastercard is looking to support central banks with its central bank digital currency (CBDC) program.
- “Our goal is to drive and support interoperability across the different ways of making payments, as it is essential to a flourishing economy,” says Mastercard’s head of digital assets and blockchain.
- The push comes after a survey found that roughly 93% of banks were exploring a potential CBDC, with 60% of banks saying that stablecoins have accelerated work on CBDCs.