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@ FLASH⚡️
2025-02-13 12:25:17
⚡️🚨 Mastercard tokenized 30% of its transactions by 2024 and recognizes the potential of stablecoins to disrupt traditional finance.
In an SEC filing, the company says it has made significant developments towards its goal of "innovating the payments ecosystem", particularly via tokenized transactions and the creation of solutions to unlock blockchain-based business models.
"Through a principled approach, we are focused on supporting blockchain and digital currency ecosystems."
Mastercard said it is working with a range of crypto readers to enable consumers to buy cryptocurrencies on cards and spend balances where MasterCard is accepted.
Mastercard acknowledged that stablecoins and other cryptocurrencies are becoming competitors in the payments sector.
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