Mastercard Emphasizes the Need for Security and Trust in Crypto and Blockchain

Global payments giant Mastercard recognizes the potential of cryptocurrencies and blockchain technology as valuable tools for the financial industry . Raj Dhamodharan, Executive Vice President of Mastercard and Head of Crypto and Blockchain spoke at North America Innovation Day and highlighted the growing popularity of these technologies worldwide .

Security and Usability Challenges Limit Adoption

While acknowledging the potential Dhamodharan pointed out that the lack of security and complex user interactions pose significant challenges and limit the use cases for crypto and blockchain technologies . He emphasized that establishing trust in the ecosystem is crucial for realizing their full potential .

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