Mastercard’s Crypto Conundrum: CBDCs May Not Be Ready For Prime Time

Ashok Venkateswaran, Mastercard Inc.’s (NYSE: MA) lead for blockchain and digital assets in Asia-Pacific, on Friday asserted the current landscape doesn’t provide sufficient grounds for the widespread adoption of central bank digital currencies (CBDCs), making broad implementation challenging. Speaking at theSingapore FinTech Festival, Venkateswaran highlighted the necessity of seamless spending capabilities for CBDCs, akin to the ease of using cash, CNBC reported. Venkateswaran acknowledged the significant time and effort required to develop the necessary infrastructure for CBDCs. He noted th…


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