Mastercard's Interoperable Central Bank Digital Currency (CBDC) Solution for Web3 Commerce

In collaboration with Cuscal and Mintable, Mastercard has unveiled a groundbreaking solution designed to streamline the integration of Central Bank Digital Currencies (CBDCs) into blockchain platforms. This initiative aligns with a study conducted by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) that explores the potential applications of CBDCs in Australia. The framework is designed to restrict access and tokenization of pilot CBDCs solely to parties who have completed Know Your Customer (KYC) verification and risk assessments conducted by certified service providers. KEEP READING