MasterCard Collaborates with Central Banks to Support CBDC Initiatives


This article has been republished with permission from Binance News.

According to Foresight News, payment giant MasterCard is looking to support central banks worldwide through their Central Bank Digital Currency (CBDC) initiatives. MasterCard has already partnered with the Bank of England, the Innovation Hub of the Bank for International Settlements, the Reserve Bank of Australia, and the Hong Kong Monetary Authority.

As previously reported by Foresight News, on August 18, MasterCard was gathering a group of blockchain technology and payment service providers to join its new CBDC Partner Program. The aim is to better understand the advantages and limitations of CBDCs, as well as how to implement them in a secure, seamless, and useful manner. The initial partners include Ripple, Consensys, multi-CBDC and tokenized asset solution provider Fluency, digital identity technology provider Idemia, digital identity consultant Consult Hyperion, security technology group Giesecke+Devrient, and digital asset operations platform Fireblocks.

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