Mastercard Tokenizes 30% of Its Transactions and Prepares for the Crypto Revolution
Mastercard embraces tokenization. The card payments giant Mastercard understands that the Bitcoin (BTC) and cryptocurrency sector is here to stay, and that it will even revolutionize value transfers. In addition to having previously launched its own private blockchain, Mastercard now announces that it has tokenized nearly a third of its financial transactions.
Key points from this article:
Mastercard has embraced the digital revolution by tokenizing nearly a third of its transactions, thus integrating cryptocurrencies into its business model.
The group has recognized stablecoins and other cryptocurrencies as potential competitors, while highlighting their potential to revolutionize traditional financial markets.
Mastercard has already tokenized 30% of its transactions and continues its crypto foray
In a recent filing with the Securities and Exchange Commission (SEC), the Mastercard Group explains how it continues to innovate in the payments ecosystem. Among these innovations, the company states that it has "tokenized approximately 30%" of its transactions.
The bank card specialist also states that it has created solutions to "unlock new blockchain-based business models," with a focus on "simplifying access to digital assets."
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