Financial inclusion of the globe’s unbanked population has been a sensitive issue for years. With the introduction of cryptocurrency, there have been speculations about its potential to get all these people aboard international finance. But is it really so?
A financial services company dealing in processing digital payments between the banking institutions of merchants and the card-issuing banks, MasterCard, is capitalizing in an investment project aimed at financial inclusion of the underbanked.
A multinational payment bull MasterCard offers a virtual platform to test the potential of central bank digital currency (CBDC). The company wants to help central banks globally that are planning to develop, analyze and explore their state-backed virtual currencies.
It seems the traditional finance sector is merging with financial technologies further. Another payment giant, Mastercard, is expanding its cryptocurrency program to support massive adoption and craft innovative experiences in the blockchain field.
MasterCard Incorporated, an American global financial services firm and a payment processing giant, has recently declared some important principles for its work with groundbreaking innovations including blockchain technology.
The Facebook Libra cryptocurrency project is constantly losing the backing of mainstream giants. The latest businesses to quit cooperation with this digital currency include Visa, Mastercard, eBay and Stripe following suit after Paypal announcement to quit cooperation as regulators move on with scrutinizing Libra.
On Friday September 13, MasterCard Incorporated, an American multinational financial services corporation based in New York, United States, announced its partnership with enterprise blockchain tech company R3 to design distributed ledger technology (DLT)-based international and transborder payments.
The world’s giant financial and payment card firms Visa Inc. and MasterCard are trying to form a specialized team of digital asset experts or invest in venture firms, particularly in creating their private wallets. Mastercard Incorporated is seeking for professional blockchain engineers plus many other executives in the employment unit of its official website.
Mastercard Incorporated, the United States based cosmopolitan financial services company with its headquarters in New York, is hunting for around 28 cryptocurrency and blockchain professionals in order to help strengthen its team within the distributed ledger technology (DLT) field. They are ready to hire a wide range of blockchain experts including many senior roles, as the corporation are proposing to be intense on creating digital asset and wallet products. Mastercard deals in services such as offering credit, prepaid and debit card payment services to its massive clients in over 26,000 financial institutions globally.