Coinspeaker
Mastercard Joins Hands with Ripple on Its CBDC Partner Program
On Thursday, August 17, global payments giant Mastercard disclosed its CBDC partner program while naming initial partners as Ripple and ConsenSys. Top economies worldwide have been working on central bank digital currencies and thus payment giants like Visa and Mastercard have also shown interest in this.
In a recent press release, Mastercard unveiled this advancement, emphasizing the rising significance of Central Bank Digital Currencies (CBDCs) in the financial landscape, a trend strongly pursued by central banks.
This trend underscores the growing influence of CBDCs within finance. Consequently, Mastercard aims to capitalize on this mounting interest to solidify its stance within the CBDC domain. As part of its CBDC Partner Program, Mastercard has joined hands with prominent CBDC leaders and payment giants to work along with the central banks to bring CBDCs to the market under a regulatory framework.
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