Pioneers of the digital economy are now pushing for decentralized finance
Mastercard has announced the expansion of its payments-focused consulting services to open banking, open data, crypto and digital currencies.
Mastercard consulting services have been a part of the company’s offering which today includes over 2,000 data scientists, engineers and consultants. With the increasing popularity of digital assets and cryptocurrencies, more institutions and private companies are attempting to implement the technology in their businesses. This is why Mastercard plans to widen the consultations offered by hiring 500 more professionals.
The company’s consulting efforts with banks and traders cover a wide range of digital currency capabilities, including early stage education, exposure management expertise in the digital asset industry, and crypto strategy development.
Mastercard is actively working with the best companies in the industry to offer the best solutions on the market and help fintech companies expand into new markets. One of the directions the company is actively working towards is helping central banks to deploy central bank digital currencies and the strategies around them.
Mastercard has agreed to provide central banks with a testing environment that allows the product to research various scenarios before releasing it into the global financial system.
Mastercard is a global leader in the payments industry and one of the pioneers of the digital payments industry. Since the rapid development of the cryptocurrency industry, Mastercard has become a strong proponent of decentralized finance and digital assets in general, including NFTs.
The company already allows its users to conduct operations with digital assets thanks to the integration of cryptocurrencies into its products. Following the partnership with Bakkt, MasterCard allowed users to buy, store and sell cryptocurrencies.