. This initiative involves partnering with seven prominent players from the blockchain and payment technology sphere.
The primary goal is to gain a comprehensive understanding of the potential advantages and limitations that CBDCs offer. This is in alignment with the growing interest of central banks in this transformative technology.on 17 August, signifies Mastercard’s commitment to exploring the evolving landscape of CBDCs. Although the specifics of the program’s objectives weren’t divulged, Mastercard has hinted at key themes within the CBDC domain.
These encompass critical factors such as security, privacy, interoperability, and the pivotal role of the private sector in innovation. Raj Dhamodharan, Head of Digital Assets and Blockchain at Mastercard, emphasized the importance of ensuring CBDCs’ ease of use in the emerging digitally driven financial landscape.The cornerstone of this program is the collaboration with several notable industry players that have been actively engaged in CBDC development.