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Mastercard Reveals to Develop CBDC as The Private Payment Provider
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blockchain.newsDigital payment Mastercard CEO Michael Miebach expressed his strong support for central bank digital currency (CBDC) in today’s third-quarter earnings conference call.
In the discussion about the central bank digital currency or CBDC, Miebach said that MasterCard is ready to provide a safe space for government-private sector banks to test CBDC and become a service provider.
Michael Miebach said that:
«We are saying at this point in time, the most likely chance for this kind of technology to work for payments is if it's issued through a government in the form of a CBDC. We said that on a couple of calls before, and we said that we will make our network ready to do that as and when a government is ready to put out a CBDC that will exist
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