After
pulling out of Facebook’s Libra project last week, yesterday Mastercard shared its thoughts on moving forward with distributed ledger technology (DLT).
“Following our withdrawal from the Libra Association membership process last week, we’ve received a great deal of interest in understanding how we evaluate technologies, programs and partners that have the potential to evolve the payments industry and enhance the value we can deliver,” Mastercard said.
The payments company stated that it sees potential in digital currencies to become trusted payment instruments for consumers and businesses. But for adoption, they need to offer stability, regulatory compliance and consumer protection. The company says many digital currencies today fail to provide these guarantees.
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