The global finance magnate plans to help clients identify challenges and anticipate what's next in the world of finance.
, Mastercard recently announced that the firm is expanding its consulting business with practices that are dedicated to crypto., Mastercard’s Data & Services President Raj Seshadri says that the financial institution will continue to help clients navigate the ever-changing world of finance, and help them identify challenges and anticipate what is coming next.
“Over the past 20 years, we’ve worked with our customers across banking, fintech, retail, travel and other sectors, helping them understand and navigate every challenge and opportunity thrown their way.” The firm’s consulting efforts target banks and merchants that need assistance when adopting crypto. This includes helping create crypto-enabled loyalty programs and developing strategies for crypto and NFT integration. Apart from this, Mastercard will use its partnerships with “digitally native firms” to offer crypto solutions and help businesses enter new markets.as they explore the creation of central bank digital currencies .
In December 2021, Mastercard’s Liza Oakes, executive vice president of market development, had a chat with Cointelegraph’s Editor-in-Chief Kristina Cornèr at Global Impact Week. According to Oakes, aside from CBDCs, the firm is also looking into “stablecoins and how to support their developments.” Oakes also recognized that there are security challenges in the realm of NFTs and mentioned that the company is developing solutions for this.
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