By : Franyi Sarmiento, Ph.D., Inspenet, August 25, 2022
Michael Miebach, the CEO of Mastercard published details about his initiative to allow purchases with cryptocurrencies in the world and the launch of his card with Binance.
“We can unlock the full potential of blockchain technology when we make it easier to access and easier to use,” he expressed through his LinkedIn account. And he claimed that one way to do it is by bringing cryptocurrencies to daily purchases.
Miebach said that blockchain should be “easier to access and use.” He went on to elaborate that to make that a reality, they are working with Binance to allow people to use their cryptocurrencies to make purchases at more than 90 million stores around the world that accept Mastercard.
The Mastercard CEO clarified that this service will initially be available only to clients in Argentina and they plan to expand from there to other countries. Likewise, Binance had advanced it a month ago when it announced the launch of its card in the country.
The executive ended the statement by questioning: “What could the blockchain industry be like in five years?” In response, he pointed out that we are currently seeing signs of this, through this type of initiative that, due to its scope, is implemented by millions of people and businesses. Currently, Mastercard is the second largest payment network in the world and Binance the largest cryptocurrency exchange by trade volume.
This material from the cryptonoticias.com portal was edited for clarity, style and length.
Photo : Primakov / Shutterstock.com
Loading...
