CEO Mastercard: We should work in the crypto space

As cryptocurrency adoption enters the mainstream stage, traditional financial services platforms are trying to adapt tochanging eco-system.

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To maintain your position in the financialindustries, such payment systems like Mastercard and Visa, are intended to use their extensive client base and international equipment to provide a state-of-the-art

Mastercard General Director Michael Mibax announced that the company is developing a new initiative to help startups and a virtual test platform for central banks.

According to Mibax, the cryptocurrency industry &#8212;It's still a relatively new market, and people are interested in finding out how it works. For this reason, his company plans to become a link that will help understand the nuances of use.

“We lay the foundation on the market as a provider of multi-rail payments. The company must be present in this space, because people are looking for answers. "

Mibax noted that the company has accumulated a large mass of knowledge and is ready to provide the central banks with any services that they need, they need to consider CB.

What are stablecoins, Mibax reported thatSoon Mastercard will add support for such transactions, provided that the issuers will strictly observe financial rules and ensure the safety of the user.

Just a few weeks ago, Mastercard announced a partnership with the issuer of standard USDC Circle, in the framework of which it will test the payments in USDC on the Internet.

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