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Mastercard Records Success as It Completes Wrapped CBDC Test
Global payments platform Mastercard Inc (NYSE: MA) has announced the successful completion of an experiment it carried out using wrapped central bank digital currencies (CBDCs).
As Coinspeaker reported in March, the company had the help of the Reserve Bank of Australia (RBA) as well as the country’s Digital Finance Cooperative Research Centre CBDC in carrying out the trial. It also saw participation from Cuscal and Mintable.
Sharing details of the trial, Mastercard says it has devised a solution that helps it tokenize (or wrap) CBDCs onto different blockchains. According to Mastercard, this solution offers an alternative way for consumers to transact across different blockchains, albeit with relative ease and improved security.
Interestingly, the RBA and DFCRC did use the trial to explore use cases for an Australian CBDC.
Mastercard Says Solution Allows Ability to Exercise Control Over CBDC
Mastercard shares tha
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