Wednesday, December 6, 2023

Mastercard Executive Says Crypto Is The Most Mature Investment Asset

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A Mastercard executive Raj Dhamodharan says crypto is the most mature investment asset today while NFTs rank second as we can see more today in our latest cryptocurrency news.

The Mastercard executive thinks that digital currencies pose no threat at all but he classified them as the most mature investment asset. The payment service Mastercard is among the companies looking to go deeper in the digital asset universe and in the past we months the company launched numerous initiatives to promote the industry and will introduce crypto opportunities to teh customers last October, it permitted the banks on the network to provide BTC services.

Raj said in a recent interview that his company has a bullish stance on crypto and said that digital assets should not be considered a threat. The investors’ protection is highly important and Mastercard is looking to provide choice in a safer and simpler manner. He went further to argue that the crypto’s nature as it is a package of multiple technologies while from an investor’s point of view, it is the most mature investment asset. Speaking about BTC, the executive claimed that it is not just currency but much more:

“Bitcoin is not just about the currency. It’s also about the chain. It’s also about the cryptology behind it and the decentralization and all that.”

Raj Dhamodharan

Dhamodharan spoke highly of nonfungible tokens and described them as a great invention and ranked them as the next mature investment asset class after crypto:

“The next thing to come out after these asset classes in the space is NFT. NFT is a great invention, and it is being applied to art at the moment. For creators, it opens up opportunities for them to sell their creations in unprecedented ways.”

The payment service provider collaborated with Coinbase to promote the NFT sector and the exchange raised hopes the partnership will unlock new ways for the users to buy digital collectibles using the Mastercard cards:

“Thanks to our work with Mastercard, we’ll be able to provide a better customer experience on Coinbase NFT, and plan on working to find ways to bring this opportunity to the broader ecosystem through Mastercard’s scale and global network.”

Fintech corporation teamed up with Nexo and will introduce the first crypto card in Europe that enables clients to speed up without selling their holdings.

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