Michael Miebach – Chief Executive Officer of Mastercard – thinks it will take more time than expected for crypto to become mainstream.
However, he is optimistic that the asset class will become much more attractive to people once watchdogs impose appropriate regulations.
A Long Way to Go
In a recent interview, Mastercard’s CEO outlined that an increasing number of investors want to delve into the cryptocurrency market. The payment services giant allows them to do so “as easy and more importantly as safe” as any rival company, he added.
Miebach sees a future world where most consumers across the globe use bitcoin in their everyday transactions and settlements. Nonetheless, he believes this will not happen in the upcoming months:
“I think it’s a long way to go before crypto becomes mainstream.”
The exec outlined the lack of comprehensive rules in the industry as one of the main reasons that slow down the adoption. In his view, many people are unaware of how to enter the s
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