Mastercard Launches Prepaid Card for World’s First CBDC in Bahamas
The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted.
The payments giant polled 15,569 consumers in 18 countries; 40% said they plan to use cryptocurrency in the next year.
In the company’s latest quarterly earnings call, CEO Michael Miebach noted that the company is investing in smart contract technology to pair with central bank digital currencies.
Jessica Turner, the storied payment network’s fintech executive, reflects on mainstream crypto adoption at Consensus 2021.
Gemini cardholders will be given the option to transfer their crypto rewards into interest-earning program Gemini Earn.
The card supports 18 currencies, crypto among them.