Mastercard launches testing platform for digital currencies
MANILA, Philippines — Mastercard has launched a testing platform for digital currencies to allow central banks to evaluate the suitability of central bank digital currencies (CBDC) in a country or a region.
Raj Dhamodharan, executive vice president for digital asset and blockchain products and partnerships at Mastercard, said central banks have accelerated their exploration of digital currencies with a variety of objectives from fostering financial inclusion to modernizing the payments ecosystem.
“Mastercard is driving innovation with the public sector, banks, fintech and advisory firms in the exploration of CBDCs, working with partners that are aligned to our core values and principles. This new platform supports central banks as they make decisions now and in the future about the path forward for local and regional economies,” Dhamodharan said.
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