MasterCard is open to the idea of ​​a government-backed digital currency

Mastercard is accepting the idea of ​​using national digital currencies issued by central banks in the future, according to the co-head of Mastercard’s Asia-Pacific operations. If they want to create a currency, we would be more than happy to view it more positively than cryptocurrencies in general. As long as it’s backed by a regulator and value… It doesn’t become anonymous, I think we’ll have a greater interest in exploring it if it meets all regulatory requirements.”

The idea of ​​a possible digital currency to be issued by the government has been discussed in several countries globally, but has not yet been fully realized. The most prominent example of a government cryptocurrency by far is Venezuela’s Petro, which was recently released amid intense controversy.

Sarker also allowed MasterCard to withdraw funds to a MasterCard by BTC holders in Japan and Singapore. He stated that he is running a Bitcoin pilot program that will allow The program will also include KYC and AML components.

On the other hand, it is known that MasterCard has more than 30 patent applications related to Blockchain technology and cryptocurrencies.