Posted 11/17/2023, 11:19:00 AM
Mastercard: Customers Too Comfortable with Cash for Widespread CBDC Adoption Despite Growing Interest
- Mastercard says customers are too comfortable with today's money for adoption of CBDCs
- Lead for blockchain says difficult part is adoption of CBDCs in wallets
- Payments giant has a CBDC Partner Program with participants like Ripple and Fireblocks
- 130 countries exploring a CBDC, up from 35 in 2020, but only 11 have introduced one
- Hard to justify effort to build necessary infrastructure, takes time and effort
- Mastercard completed Hong Kong CBDC pilot showing use for asset transactions
- Pilot showcased potential for funding and settlement via a retail CBDC