Mastercard Incorporated is an American multinational financial services corporation headquartered in New York, United States. Its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use debit and credit cards to make purchases.
Financial Times reports that Ari Saker, the senior executive at the Mastercard, stated that the company would be "happy" to consider facilitating the use of national digital currencies issued by central banks. The trick is that they are ready to do that on certain conditions: cryptocurrency should be backed by the regulator, meet all the regulatory requirements and should not be anonymous.
If governments look to create national digital currency we’d be very happy to look at those in a more favourable way [compared with existing cryptocurrencies]. So long as it’s backed by a regulator and the value . . . it is not anonymous, it is meeting all the regulatory requirements, I think that would be of greater interest for us to explore.
Co-president, Mastercard's Asia-Pacific business
Moreover, he added that MasterCard Labs is working on a blockchain technology that should support a wide range of use cases, like interbank payments, tracking trade finance obligations along the value chain, exchanging know your customer and anti-money laundering data between trusted parties, and more.
Previously, we have reported that both Mastercard and VISA decided to change the way cryptocurrency purchases were processed on their networks.