- Mar 13, 2022
- Content source
- Mastercard considers Blockchain's future in the financial industry. Finds it may have "inherent value".
Mastercard was one of the first traditional financial institutions to start engaging with the crypto industry.
The company has steadily expanded its repertoire of crypto services by partnering with various industry players like Binance, Gemini and Paxos over the years. Many exchanges offer debit and credit cards that are powered by Mastercard.
The company is also heavily involved in helping governments figure out central bank digital currencies and the underlying payments infrastructure.
Dhamodharan joined Mastercard in 2010 and became head of the crypto division in 2019. He has been leading the company's aggressive push into crypto in recent years and considers the industry to be an opportunity rather than a threat to its dominance in the payments sector.
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