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Vice President of Mastercard: the interest of financial institutions in cryptocurrencies is growing

Jessica-Turner-Mastercard Jessica Turner | Vice President of Mastercard

Jessica Turner, Executive Vice President for Digital Infrastructure and Financial Technologies Development, Mastercard shared her opinion on the development of stablecoins, NFTs and government digital currencies. During a podcast with The Block analyst Frank Chaparro, Jessica Turner spoke about the steps Mastercard is taking to engage with the cryptocurrency industry. 

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DataLight research: “Bitcoin will become the main payment system in 10 years”

DataLigh-Bitcoin-will-become-the-main-payment-system DataLight research: “Bitcoin will become the main payment system in 10 years”

Bitcoin will be ahead of other payment systems, such as Visa and MasterCard, within ten years, if the growth of the network continues at the same pace.

DataLight made such a forecast in a research comparing Bitcoin with traditional payment systems, which also included PayPal, noting the rapid development of cryptocurrency since its inception in 2009.

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MasterCard filed patent applications for instant payments on blockchain


New patent applications from MasterCard show that one of the largest credit card operators looks at the blockchain as a way to make the calculations more simple and quick. In a patent application published last week in the US Patent and Trademark Office (USPTO), the company describes a database on a blockchain that can instantly process payments, ensuring that sellers do not need to wait a few days to receive funds for their goods.

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