K
Kathleen Martin
Guest
While blockchain technology and cryptocurrencies are often tied together inextricably, the former can stand on its own when it comes to other applications in business. Companies like Mastercard are utilizing blockchain technology beyond the realm of cryptocurrencies.
Financial technology — fintech for short — is using blockchain technology in a wide variety of ways to revolutionize the way consumers pay for goods and services. Mastercard in particular is using blockchain to work with customers on converting cryptocurrencies into fiat currency while also helping government organizations facilitate the use of central bank digital currencies (CBDCs).
“There are many fascinating applications of blockchain that have nothing to do with cryptos,” said Raj Seshadri, president, data & services at Mastercard. “NFT is another example of blockchain. We are in the early stages of blockchain technology. There is a lot of hype around it. What is important is to identify where the long-term value and utility lie.”
From an investing standpoint, this introduces potential investors to a wealth of opportunities for growth in the blockchain sphere. As such, exchange traded funds (ETFs) that focus on blockchain offer investors this level of exposure.
Continue reading: https://www.etftrends.com/crypto-channel/blockchain-application-is-far-beyond-cryptos-mastercard-says/
Financial technology — fintech for short — is using blockchain technology in a wide variety of ways to revolutionize the way consumers pay for goods and services. Mastercard in particular is using blockchain to work with customers on converting cryptocurrencies into fiat currency while also helping government organizations facilitate the use of central bank digital currencies (CBDCs).
“There are many fascinating applications of blockchain that have nothing to do with cryptos,” said Raj Seshadri, president, data & services at Mastercard. “NFT is another example of blockchain. We are in the early stages of blockchain technology. There is a lot of hype around it. What is important is to identify where the long-term value and utility lie.”
From an investing standpoint, this introduces potential investors to a wealth of opportunities for growth in the blockchain sphere. As such, exchange traded funds (ETFs) that focus on blockchain offer investors this level of exposure.
Continue reading: https://www.etftrends.com/crypto-channel/blockchain-application-is-far-beyond-cryptos-mastercard-says/
