Mastercard firmly believes that crypto and blockchain technology can bring much more value to financial industries once it can solve the key issues of security and simplicity, Tech Crunch reported, citing the company’s EVP and head of crypto and blockchain Raj Dhamodharan.
Dhamodharan made the comments during a blockchain-focused panel at Mastercard’s North America Innovation Day on May 23.
‘A lot of promise’
Dhamodharan said that crypto and blockchain technology has been gaining more traction worldwide by the day; however, their use cases are currently limited due to a lack of comprehensive security and complicated user interactions.
He said:
“Instilling trust in the blockchain ecosystem is a critical step in realizing its full potential.”
According to Dhamodharan, once these issues are resolved, brands and companies would become much more confident about engaging with the web3 industry.
He added that most people view crypto as an investment opportunity, but the “technol
We współpracy z: https://cryptoslate.com/mastercards-crypto-head-stresses-security-simplicity-for-blockchains-full-potential/
