Mastercard, the credit behemoth, announced the launch of a new program to widen its understanding of central bank digital currency (CBDC) and its possible applications. The CBDC Partner Program will be integrated by Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient, and Fireblocks, to collaborate on the possible integration of these tools with existing structures.
Mastercard Announces CBDC Partner Program
Mastercard announced the launch of a central bank digital currency (CBDC) driven program due to the interest that these tools have seen from central banks.
The CBDC Partner Program is Mastercard’s initiative to learn more about how CBDCs are being developed and how can these government-issued currencies interact with private credit companies. Several companies with expertise in the CBDC field, like Ripple, which is involved in Palau’s stablecoin pilot, and Fluency, which builds CBDC interconnection solutions, will be part of the group.
Other inaugural partner
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