Mastercard, a leading payments company, believes that customers are too comfortable with traditional forms of money to readily adopt Central Bank Digital Currencies (CBDCs). According to Ashok Venkateshwaran, a representative from Mastercard, the challenge lies in getting people to adopt CBDCs and use them as easily as they use cash today. To address this, Mastercard has launched a CBDC Partner Program, which includes participants such as Ripple, Fireblocks, and Consensys. This program aims to facilitate discussions and collaboration among key players in the industry. The move by Mastercard is seen as a way to deepen its involvement in CBDC developments as more countries explore this technology. Currently, around 130 countries, representing 98% of global GDP, are exploring the potential of CBDCs.

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Information	Details
Geography	Asia
Countries	🇸🇬
Sentiment	neutral
Relevance Score	1
People	Ashok Venkateshwaran
Companies	Fireblocks, Ripple, Consensys
Currencies	XRP
Securities	None