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Mastercard Launches CBDC Partner Program (Eruptions Market Report 8-25-23)

Mastercard announced the launch of a central bank digital currency (CBDC) driven program due to the interest that these tools have seen from central banks.

The CBDC Partner Program is Mastercard’s initiative to learn more about how CBDCs are being developed and how can these government-issued currencies interact with private credit companies. Several companies with expertise in the CBDC field, like Ripple, which is involved in Palau’s stablecoin pilot, and Fluency, which builds CBDC interconnection solutions, will be part of the group

Other inaugural partners of the group are Web3 and Ethereum software boutique Consensys, digital identity technology provider Idemia, digital identity consultant Consult Hyperion, security technology group Giesecke+Devrient, and digital asset operations platform Fireblocks.

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