Payment processing giant Mastercard is looking to dive deeper into the cryptocurrency industry. In line with this, the company plans to expand its consulting services with new practices focused on open banking, open data, crypto, and digital currencies, as well as Environment, Social & Governance (ESG).
Navigating the Adoption of Digital Currencies
According to the official press release, Mastercard stated that it aims to help financial institutions navigate the adoption of cryptocurrencies with its consulting efforts by enabling banks and merchants to cover many digital currency capabilities.
This will include early-stage education, risk assessments, bank-wide crypto and NFT strategy development to digital asset cards, and the design of crypto loyalty programs. Data & Services, which happens to be a talent incubator for the broader company, is looking to add more than 500 college graduates and young professionals as part of the ambitious growth plans.
So far, Mastercard has cu
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