Mastercard is deepening its impulse in cryptography with plans to hire two senior leaders focused on digital assets and blockchain.
The giant of the payments is recruiting for a vice president, head of growth of the Ecosystem of Digital Assets and Vice President, head of financial institutions (Fi) Growth, both based in the United States
“Excited to share two open papers on my team while Mastercard continues to build the next generation of payments and boost innovation in digital assets,” Raj Dhamiodharan, chipo chief and Mastercard blockchain wrote, in a LinkedIn post.
The first role will supervise the strategic associations throughout the digital asset sector, working with emitters, infrastructure suppliers and startups to climb solutions such as the MasterCard Multiple Tests Network (MTN) and cryptocurrencies. The second role will focus on collaborating with financial institutions to develop blockchain uses, such as commercial payments, cross -border transactions and tokenized assets.
Mastercard has been among the most active traditional financial companies that explore cryptography, establishing ties throughout the ecosystem for years. More recently, the company announced plans to integrate more stablcoins into its global payment network, based on the existing support for the USDC of Circle. It is also implementing cross -border transactions based on stablecoin through Mastercard Move.
In an interview with Coendesk earlier this year, Dhamiodharan said that Mastercard’s goal is to act as a bridge between Blockchain networks and traditional finances, providing regulatory clarity while allowing new business models.
He added that financial institutions must “be very open to do [crypto] Available as widely as possible. “
