Global payment giants Visa and Mastercard are exploring ways to integrate Central Bank Digital Currencies (CBDCs) into their payment networks.
As several countries, including China, the European Union, and the United States, are developing or testing CBDCs, Visa and Mastercard aim to provide the infrastructure needed for seamless CBDC transactions across their global merchant networks.
This initiative is seen as a major step towards mainstream adoption of CBDCs, as it would allow central bank-issued digital currencies to be easily used for everyday transactions, much like traditional fiat currencies.
Both companies are positioning themselves to be key players in the future of digital payments, which could see a blend of CBDCs, cryptocurrencies, and traditional financial services.
