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Mastercard Reveals Efforts To Unlock Full Potential of Crypto

The mass crypto adoption continues no matter the world crisis and the geo-political issues that have been plaguing our planet for a while. Now, Mastercard reveals new plans that will definitely boost the mainstream adoption of digital assets.

Mastercard boosts crypto potential

It’s been just reported by the online publication the Daily Hodl that a top executive at credit card giant Mastercard says that the firm is working on unlocking the full potential of crypto assets.

In a new company blog post, Mastercard’s head of crypto and blockchain Raj Dhamodharan said that the company plans to make good on the much-anticipated expectation of crypto assets being viable methods of payment.

According to Dhamodharan, the key to success in this regard is bringing together the various financial services industries.

“To unlock the potential [of digital assets], we need to bring together the best of tech, banking, fintech, and crypto. This will create a variety of new services and make the movement of money speedier, simpler, and cheaper.”

He continued and pointed out the following:

“The long-sought promise of making crypto a payment tool could be achieved. These collaborations could also help the crypto ecosystem improve safety for its users, whether future market turmoil, and reach greater mainstream adoption.”

He also said that soon, this ability to spend crypto could become just as seamless as making a contactless card payment.

Coinbase reveals two catalysts for mass crypto adoption

Coinbase CEO Brian Armstrong says the crypto exchange has been working to get sovereign wealth funds to invest in digital assets.

In a new interview, Armstrong made sure to explain the fact that some of these institutional investors have already allocated a portion of their portfolio to digital assets.

Here’s what he had to say about the issue:

“There are some sovereign wealth funds out there that have now done it and we’ve closed these deals with like BlackRock, the largest asset manager in the world, to kind of get more and more of this money flowing in.”

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