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.
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.
Anthony Pompliano, told CNN in an interview why he and other entrepreneurs are protecting Bitcoin and remain committed to new technologies even though the market is plummeting.
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.