Mastercard CEO calls cross-border payments stablecoins’ clearest use case
Photo: Crypto Briefing
Michael Miebach sees opportunities for Mastercard but does not expect widespread consumer adoption yet. Mastercard CEO Michael Miebach said cross-border payments are the clearest current use case for stablecoins and the area where the company sees the strongest traction, Bloomberg reported on October 9. Speaking to Bloomberg TV in London, Miebach said international transfers can take days and carry unclear fees. He argued that instant transfers would improve companies’ working capital management. Mastercard, Visa , Stripe and around 100 other companies back Open Standard, which recently issued a dollar-pegged stablecoin.
Source: Crypto Briefing
