Mastercard (NYSE:) is forming a partnership program with seven prominent blockchain and payment technology providers to “bring a greater understanding of the benefits and limitations” of central bank digital currencies (CBDCs), it announced Aug. 17.
Mastercard did not share specific plans for the group, but it mentioned many current buzzwords in the CBDC sphere — security, privacy, interoperability, private sector, driving innovation and efficiencies, for example. Mastercard head of digital assets and blockchain Raj Dhamodharan said in the statement:
Countries where Mastercard is exploring CBDCs. Source: Mastercard