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Emerging technologiesDecember 7 2023

Mastercard demonstrates interoperable CBDC for trusted Web3 commerce

Mastercard’s tested solution would enable CBDCs to be tokenised onto different blockchains, offering consumers a new option to participate in commerce. 
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Mastercard demonstrates interoperable CBDC for trusted Web3 commerceImage: Reuters/Benoit Tessier

If consumers want to participate in commerce across multiple blockchains — including public blockchains — their only option lies in private forms of cryptocurrency. 

Mastercard has demonstrated capabilities for a new solution that tokenises central bank digital currencies (CBDCs) onto different blockchains, enabling more consumers to participate in crypto ecosystems using reputable forms of money.

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