Eblogtip.com
  • Categories
    • News
    • Technology
    • Domains
    • Hosting
    • Promotions

Archives

  • June 2023
  • May 2023
  • December 2022

Categories

  • News
  • Technology
  • Uncategorized
eBlogTip
  • Categories
    • News
    • Technology
    • Domains
    • Hosting
    • Promotions
  • Technology

Mastercard sees ‘a lot of promise’ in blockchain tech if safety and simplicity are prioritized

  • May 24, 2023
Total
0
Shares
0
0
0

Mainstream brands and financial services firms are testing the waters of crypto, but many are hesitant to fully dive into the blockchain realm due to uncertainty and a general lack of trust.

Every industry has its hiccups and bumps, but crypto has been especially hit hard recently, facing a lot of headwinds from regulators and its own internal pitfalls as it tries to scale.

“The crypto industry has gone through a lot in the last few quarters,” said Raj Dhamodharan, Mastercard’s EVP and head of crypto and blockchain, during a blockchain-focused panel at the company’s North America Innovation Day event.

While the web3 world has seen a significant influx of capital, innovation and talent, more work is needed to ensure traditional players — as well as new ones — can enter the ecosystem confidently.

“People look at crypto and think of it as an investment, but there’s a whole sector that’s a lot more useful for financial industries as a whole,” Dhamodharan said. “The technology itself holds a lot of promise.”

Crypto technology has a handful of use cases and utilities today, like the ability to store and move capital and value, but those use cases are limited when safety and simplicity aren’t prioritized, Dhamodharan said.

“What you need for this tech to scale globally is interoperability and underlying security of trust,” said Johan Gerber, EVP, security and cyber innovation. Mastercard aims to provide a technological foundation that allows everyone from small startups to massive financial institutions to innovate and build upon.


Source link

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Previous Article
  • News

Microsoft finally listens to its users by adding this missing Windows 11 feature

  • May 24, 2023
View Post
Next Article
  • News

The Wheel of Time season 2 magically spins onto Prime Video in September

  • May 24, 2023
View Post
You May Also Like
View Post
  • Technology

Indian SaaS startup Capillary Technologies grabs $45M to expand globally

  • June 1, 2023
View Post
  • Technology

California lawmakers and AV industry battle for future of self-driving trucks

  • June 1, 2023
View Post
  • Technology

Lightmatter’s photonic AI hardware is ready to shine with $154M in new funding

  • May 31, 2023
View Post
  • Technology

Amazon settles with FTC for $25M after ‘flouting’ kids’ privacy and deletion requests

  • May 31, 2023
View Post
  • Technology

Six tips for getting the most out of your SIEM investment

  • May 31, 2023
View Post
  • Technology

Popular Reddit app Apollo may go out of business over Reddit’s new, unaffordable API pricing

  • May 31, 2023
View Post
  • Technology

Toyota adds $2.1B to its US battery factory expansion plans

  • May 31, 2023
View Post
  • Technology

Atlanta Mayor Andre Dickens to speak at TechCrunch Live’s Atlanta event

  • May 31, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

eBlogTip.com
  • Categories

Input your search keywords and press Enter.