How Mastercard plans to connect stablecoins, CBDCs and tokenized bank deposits
Quick Take
- Mastercard’s Raj Dhamodharan unpacks how the firm is positioning for a future in which value can be transferred between a variety of public and private tokenized assets including stablecoins, bank deposits and CBDCs.
Episode 76 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Mastercard EVP of Blockchain/Digital Asset Products & Digital Partnerships Raj Dhamodharan.
Listen below, and subscribe to The Scoop on Youtube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].
Mastercard EVP Raj Dhamodharan manages Mastercard's blockchain and digital asset strategy.
In this episode, Dhamodharan unpacks Mastercard's vision for a future in which value can be transferred seamlessly between public and private blockchains, and explains how CBDCs and tokenized bank deposits could revolutionize global payments.
Outline:
1:00 Mastercard's Multi Token Network
6:00 MTN Applications
10:13 KYC & Crypto Credential
12:46 Public/Private Transactions
14:09 Tokenized Bank Deposits
21:20 The Multichain Future
24:25 Central Bank Digital Currencies
29:16 Closing Thoughts
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