Traditional financing companies that have adopted crypto exceed the experimental phase and actively work on real solutions, Mastercard’s Mastercard Raj Dhamodharan told Coindesk Raj Dhamodharan.
“Many of us in industry go beyond experimentation; These are in fact real solutions, “he said, noting that Mastercard has already allowed Stablecoin payments for financial institutions. These institutions can choose to settle transactions using Stablecoins, reflecting a broader trend in the adoption of cryptography.
Last week, the payments giant announced a partnership with the Crypto Notabene compliance company, which will integrate the Mastercard Crypto identification information into its Safetransact platform to make the transactions of digital assets more secure and user-friendly.
The crypto identification information system continues to be at the center of Mastercard efforts to make the crypto more common. It allows users to send funds using familiar identifiers such as email addresses rather than complex portfolio addresses while guaranteeing compliance with regulatory standards. The system also helps to prevent poorly oriented transactions by checking whether the recipient’s portfolio can receive a specific asset.
“What stops [crypto] To pass the dominant current is that consumers must be able to find themselves using what they already know, “said Dhamodharan.
Mastercard’s objective, according to Dhamodharan, is to be a connector between traditional finances and blockchain networks, ensuring regulatory compliance while allowing new commercial models. The company plans to announce additional partnerships and use cases in 2025, strengthening its commitment to integrate crypto into global payments.
“As an unwitting, we must be very open to do [crypto] Available as largely as possible, “he said.
Previously, the payments giant has teamed up with several crypto-swimming companies, including Binance. The two ways separated in August 2023 after Binance faced a series of legal problems in the US Mastercard reassured users to buy crypto again on the exchange a year later.
“Binance is a great partner,” said Dhamodharan. “We continue to associate with them in several ways where we can help them with the ramp and the ramp off. These are continuous conversations. »»
Take the crypto at the “next level”
Dhamodharan is also optimistic about the future of tokenization, which, according to him, will require new commercial models to meet the growing demand for active world of tokenization by companies like Blackrock and Franklin Templeton.
“If there is more clarity over time in terms of how the deposits can be represented in a form in the public chain, from a regulatory point of view, I think that this can even go to the next level in terms of ways to develop “,” he said.
In 2025, Mastercard focused on the ramp / ramp on the ramp between the crypto and the banking world, while making this process as fluid and safe as possible as well as the expansion features and functions of its cryptographic identification product. The third objective is stable, said the company.
“We believe that the future is going to be a world of the two deposits because this is where it is money, and this is where people and businesses have money and stablecoins, which can Easily move to the head and easily be adjusted. “
Read more: Mastercard and Jpmorgan Link up to bring cross -border payments on the blockchain
