Mastercard Collaborates With Ripple And Consensys On CBDC Initiative
Portfolio Pulse from Murtuza Merchant
Mastercard has launched its CBDC Partner Program, with Ripple and Consensys among the key participants. Other partners include Fluency, Idemia, Consult Hyperion, Fireblocks, and Giesecke+Devrient. The initiative aims to promote payment interoperability in the digital economy. However, Mastercard acknowledges that CBDC adoption faces challenges such as public unfamiliarity and recent controversies in the crypto sector.
August 18, 2023 | 1:05 pm
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Visa, a rival of Mastercard, has previously partnered with Consensys on CBDC and stablecoin projects. The new initiative by Mastercard could increase competition in the digital payments sector.
Visa, a rival of Mastercard, has previously partnered with Consensys on CBDC and stablecoin projects. The new initiative by Mastercard could increase competition in the digital payments sector, potentially impacting Visa's position in this market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Mastercard's new CBDC Partner Program could potentially enhance its position in the digital payments sector. However, challenges such as public unfamiliarity with CBDCs and recent controversies in the crypto sector could impact the success of the initiative.
Mastercard's initiative to promote payment interoperability through CBDCs could potentially enhance its position in the digital payments sector. However, the company acknowledges that public unfamiliarity with CBDCs and recent controversies in the crypto sector could pose challenges to the adoption of CBDCs, which could impact the success of the initiative.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Ripple's participation in Mastercard's CBDC Partner Program could potentially enhance its reputation and increase its exposure in the digital payments sector.
Ripple's participation in Mastercard's CBDC Partner Program could potentially enhance its reputation and increase its exposure in the digital payments sector. This could potentially lead to increased demand for Ripple's services, positively impacting its price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75