Mastercard considers CBDC and stablecoins more promising than cryptocurrencies

According to Sachin Mehra, CFO of the international payment system Mastercard, the company believes that CBDCs and stablecoins are more promising than cryptocurrencies. According to Sachin Mehra, Mastercard plays a liaison role between cryptocurrencies and investors: users use Mastercard debit and credit cards to purchase digital assets. «When people want to cash out, we help them access their cryptocurrency balances wherever Mastercard is accepted,» the payment system’s CFO emphasized. According to Sachin Mehra, Mastercard considers cryptocurrencies as assets, while stablecoins and CBDCs are considered to be payment instruments that have more potential than cryptocurrencies. It has recently become known that Mastercard representatives signed cooperation agreements with several NFT marketplaces (Immutable X, Candy Digital, Sandbox, Mintable, Spring, Nifty Gateway, and MoonPay), which will allow the payment system’s clients to pay for fungible tokens in fiat currency without first purchasing cryptocurrency.