Mastercard's CBDC Partner Program, backed by Ripple and ConsenSys, accelerates digital currency evolution as 93 percent of central banks actively explore CBDC potential
Mastercard, a global payment giant, has taken a significant stride by unveiling its CBDC Partner Program. Ripple and ConsenSys are key participants, aiming to accelerate the growth of central bank digital currencies (CBDCs). The cumulative goal is to explore and develop innovative digital currency projects focusing on transparency, stability, and consumer privacy.
In an announcement on Friday, August 17, Mastercard revealed its strategic initiative designed to collaborate with multiple central banks to explore novel digital currency avenues. The program provides a collaborative platform that brings together leaders from the blockchain and payment sectors, pooling their expertise to spur innovation.