We are all aware of Mastercard’s recent obsession with cryptocurrency. Michael Miebach, though, is planning big. The CEO of the company has now revealed his exaggerated vision for the payment service following his collaboration with Binance for the launch of a crypto card in Argentina.
The expansion of Mastercard’s crypto services is planned.
The potential of digital assets is being recognized by more institutions, and Mastercard is no exception. Michael Miebach, the company’s CEO, exhibits an unmatched passion for cryptocurrencies. The interbank service provider plans to repeat its initial success with Binance, CZ’s cryptocurrency startup.
However, this time would be different because he wants to spread crypto services all across the world. The latter discussed blockchain technology and cryptocurrency on LinkedIn. He asserts that the blockchain’s potential will eventually be realized if it is made more widely available and simple to use. And this involves regular purchases that his business would make possible.
Miebach said in his article that he was working with Binance to make it possible to buy cryptocurrency at over 90 million merchant locations. As a result, since all network merchants accept fiat payments, they may all indirectly accept digital assets.
Blockchain’s invasion of institutions
No one is unaffected by the evolution of cryptos. More and more people are looking for ways to mine the blockchain even as the cryptocurrency winter continues. Mastercard has joined the group in response to this. He predicts that the blockchain sector will soar in the coming years.
Therefore, he believes that the blockchain will be fully established in five years, in contrast to interbank services, which will quickly become obsolete. The cryptocurrency industry continues to grow as time goes on. Even if the majority of cryptocurrencies have lost more than 50% of their value, interest in the underlying technology is still rising.
Regarding cryptocurrencies and the blockchain, Mastercard’s CEO maintains the same position. He does not appear to be affected by the crypto winter’s extension. Indeed, Michael Miebach plans to keep working with Binance in the bitcoin industry. Why terminate a productive partnership. There is a good likelihood that the global economy will soon be dominated by digital assets!
