Mastercard launches CBDC Partner Programme to boost sector collaboration
Payments titan Mastercard has formed a central bank digital currency (CBDC) Partner Programme to “foster collaboration” in the space with key players including blockchain technology and payment service providers (PSPs).
Mastercard launches CBDC Partner Programme
By bringing together such a group under one platform, Mastercard aims to bring a “greater understanding” of the advantages and disadvantages of CBDCs, and how they can be implemented in a way that is “safe, seamless and useful”.
Inaugural members of the Programme include CBDC platform Ripple, blockchain and Web3 software company Consensys, multi-CBDC and tokenised assets solution provider Fluency, digital ID tech firm Idemia, digital identity consultant Consult Hyperion, security technology group Giesecke+Devrient and digital asset operations platform Fireblocks.
Raj Dhamodharan, head of digital assets and blockchain at Mastercard, says the Programme aims to “foster collaboration with key players in the space so they can drive innovation and efficiencies”.
“By assembling the strengths, deep expertise and different capabilities of these partners, we can drive innovation in the central banking community and along the CBDC value chain as the space continues to evolve,” Dhamodharan adds.
“As we look ahead toward a digitally driven future, it will be essential that the value held as a CBDC is as easy to use as other forms of money.”
