Is The World Ready For Digital Currencies? Mastercard’s Senior Executive Weighs In

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Mastercard Incorporated’s (NYSE: MA) senior executive reportedly slammed the usage of central bank digital currencies, claiming there isn’t enough reason for the widespread use of them right now. Ashok Venkateswaran, Mastercard’s blockchain and digital assets lead for Asia-Pacific told CNBC, “The difficult part is adoption. So if you have CBDCs in your wallet, you should have the ability for you to spend it anywhere you want – very similar to cash today.” A retail Central Bank Digital Currency (CBDC), representing the digital version of a country’s fiat currency issued by the central bank, is …

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