Mastercard: Difficulty with central bank digital currencies lies in adoption
Ashok Venkateswaran, the head of blockchain and digital assets for Mastercard in the Asia-Pacific region, stated that currently, there are not sufficient reasons for widespread use of central bank digital currencies (CBDCs), making it difficult to adopt such assets. Additionally, Venkateswaran stated that there is no reason to use retail CBDCs in Singapore, but there are reasons to use wholesale CBDCs for interbank settlements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Congress’s top priorities this lame duck session
Here’s a look at what lawmakers are most focused on in these final weeks of the 118th Congress
First-ever Dogecoin ETP debuts in Nordics as Elon Musk boosts interest in the crypto asset
BTC breaks through $94,000
The ZKasino project borrowed 12.38 million DAI from Aave again in the past 2 hours to go long on ETH
Trending news
MoreCrypto prices
More
