Mastercard introduces its CBDC Partner Program

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Mastercard has established a central bank digital currency partner program that includes Ripple and Consensys.

According to the Bank for International Settlements, the vast majority of central banks are working on CBDCs in some capacity, and four retail versions are already operational.

To assist central banks in evaluating and researching national digital currencies, Mastercard created a virtual testing platform in 2020. Since then, the company has conducted pilot projects with a number of central banks.

Read More: Mastercard launches CBDC partner programme

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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