Mastercard Wants To Make CBDCs Easier To Use, Partners With Ripple, Consensys, Fluency, Fireblocks
Portfolio Pulse from Khyathi Dalal
Mastercard (NYSE:MA) is partnering with Ripple, Consensys, Fluency, and Fireblocks to support central banks with their central bank digital currency (CBDC) programs. The company aims to make CBDCs as easy to use as other forms of money. A recent survey indicated that 93% of banks are considering a potential CBDC, with 60% stating that stablecoins have increased their work on CBDCs. Meanwhile, Visa (NYSE:V) has developed a programmable finance platform for supporting Brazilian farmers and initiated a CBDC pilot project in Brazil.
September 11, 2023 | 1:42 pm
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Mastercard is partnering with several companies to support central banks with their CBDC programs, aiming to make CBDCs as easy to use as other forms of money.
Mastercard's partnership with these companies to support CBDC programs could potentially increase its relevance in the digital currency space, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Visa has developed a programmable finance platform for supporting Brazilian farmers and initiated a CBDC pilot project in Brazil.
Visa's development of a programmable finance platform and initiation of a CBDC pilot project in Brazil could potentially increase its relevance in the digital currency space, which could positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50