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Vice President of the department for the development of new products MasterCard Harold Bosse said that he believes in the success of the cryptocurrency economy. According to him, the global financial system will be built on this. The expert expressed confidence that the mass introduction of digital currencies is a matter of time.
He noted that all key corporations and their executives, as well as institutional investors, remain optimistic about the long-term prospects of the cryptocurrency market, despite today’s sentiment and industry instability. The specialist assured that already now hundreds of millions of people on Earth use cryptocurrency assets for transfers and purchase of goods and services, and more and more companies are integrating these capabilities into their payment systems.
Bosse said that tech startups are very important to the modern community. Nevertheless, he stressed that there were a number of challenges that needed to be overcome as soon as possible. Then cryptocurrencies will become mainstream in society. According to the expert, the key ones are the lack of understanding on the part of company executives of the benefits of technology, the inability to scale products, and the problem of regulating the industry is acute.
Bosse compared cryptocurrencies to the Internet, saying that 25 years ago, no one could have imagined that Amazon would become the largest company in the world. Now the situation is similar. Startups are trying to change people’s lives. According to him, MasterCard is actively engaged in the introduction of new products and services in the credit business with cryptocurrency collateral, and is also developing in the direction of creating its own non-interchangeable tokens (NFT) and integration with the metaverse.
Earlier, the editors of the Crypto.ru reported that the leaders of the Mastercard payment system spoke about the registration of 15 trademarks related to NFT and Metaverse.
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