MasterCard sees future mass adoption of cryptocurrencies

The vice president of the payment processor assures that "sooner than later" the use of cryptocurrencies will be fully adopted

Harold Bossé, vice president of development and innovation at MasterCard, indicated that he is optimistic about the world of cryptocurrencies and their massive adoption.

In the words of Bossé, during a webinar, he sees the massive use of crypto assets and blockchain technology “will happen sooner rather than later.”

“They are early and new adopters, but we have shifted towards the mass markets. That will be a very important aspect for financial institutions to enter the space,” said the vice president.

Currently, according to the executive, there are challenges that must be overcome before cryptocurrencies become the mainstream of the global economy, such as the lack of understanding of senior management, its commercial logic, among others.

The payment company is no stranger to this world. It is worth remembering that MasterCard has already shown interest in the cryptocurrency sector with cryptocurrency-backed credit services and the recent registration of its trademarks for NFT and Metaverse.

K. Tovar

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Source: Diariobitcoin

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