Mastercard: Difficulty with central bank digital currencies lies in adoption
Ashok Venkateswaran, the head of blockchain and digital assets for Mastercard in the Asia-Pacific region, stated that currently, there are not sufficient reasons for widespread use of central bank digital currencies (CBDCs), making it difficult to adopt such assets. Additionally, Venkateswaran stated that there is no reason to use retail CBDCs in Singapore, but there are reasons to use wholesale CBDCs for interbank settlements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP price chart 'bull flag' targets $15 amid increasing open interest
Price analysis 1/06: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX
Bitget Spot Bot adds AI16Z/USDT
MARA Holdings Reports Strong Bitcoin Reserves and Expands Financial Strategy