Mastercard CEO Michael Miebacj said during the company’s third-quarter earnings call that his company is focused on preparing its network for the CBDC to facilitate crypto investments.
“We couldn’t have had a earnings call without talking about crypto.
We are seeing significant volumes for those who are actually investing and selling crypto. We have a role to play in making things easier for consumers using crypto.”
Mastercard has most recently partnered with Bakkt to make it easier for US traders, banks and fintechs to adopt and deliver crypto solutions and services.
Miebach said that the most likely chance for cryptos to be used as a means of payment would be through government-issued CBDCs. If it does, Mastercard will get its network ready to process CBDC.
“This is where our sandbox comes into play. We can provide a safe space for governments and private banks to understand how this will work.”
