Go Figure... lol
MasterCard is receptive to the idea of using central bank-issued national digital currencies in the future, according to the co-president of Mastercard’s Asia-Pacific business, the Financial Times reported today, March 19.
Senior MasterCard executive Ari Sarker told the Financial Times that “if governments look to create national digital currency we’d be very happy to look at those in a more favourable way [as compared to cryptocurrencies in general]”:
“So long as it’s backed by a regulator and the value . . . it is not anonymous, it is meeting all the regulatory requirements, I think that would be of greater interest for us to explore.”
Ajay Banga, the CEO of MasterCard, had also said last fall that MasterCard would find a “way to be in the game” for government-created digital currencies, labelling all other cryptocurrencies without government-backing as “junk.”