Traditional finance firms that have adopted crypto are moving past the experimentation phase and are actively working on real-world solutions, Mastercard’s head of crypto and blockchain, Raj Dhamodharan, told CoinDesk.
“Many of us in the industry are moving beyond experimentation; it’s actually real solutions,” he said, noting that Mastercard has already enabled stablecoin payments for financial institutions. Those institutions can choose to settle transactions using stablecoins, reflecting a broader trend in crypto adoption.
Last week, the payments giant announced a partnership with crypto compliance firm Notabene, which will integrate Mastercard’s Crypto Credential into its SafeTransact platform to make digital asset transactions more secure and user-friendly.
The Crypto Credential system continues to be a focus of Mastercard’s efforts to make crypto more mainstream. It allows users to send funds using familiar…
