Key Points

References

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https://www.forbes.com/sites/ninabambysheva/2023/02/07/forbes-blockchain-50 -2023/?sh=2219648b319d	Forbes Blockchain 50 2023 ***

https://www.forbes.com/sites/ninabambysheva/2023/02/07/how-mastercard- goldman-sachs-and-other-tradfi-titans-are-using-blockchain-to-rewire-global-finance/?sh=3fb8f540339f	How Mastercard, Goldman Sachs And Other “TradFi” Titans Are Using Blockchain To Rewire Global Finance

https://www.forbes.com/digital-assets/ online dashboard of data / articles

Key Concepts

Potential Value Opportunities

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Candidate Solutions

Mastercard payments

https://www.forbes.com/sites/ninabambysheva/2023/02/07/how-mastercard-goldman-sachs-and-other-tradfi-titans-are-using-blockchain-to-rewire-global-finance/?sh=3fb8f540339f

Miebach told analysts and shareholders that his company had surpassed 2 billion “tokenized” transactions per month, up 38% in a year, and that Mastercard was enabling digital payments in 110 countries. The big benefit? Less fraud.

blockchain plans

tokenization at Mastercard means replacing the 16-digit number on your plastic credit card with a supersecure unique digital record for every transaction, without ever leaving behind your identity in the form of a credit card number. It also allows customers to utilize digital wallets. It’s not yet on a blockchain, but Mastercard is currently working with banks and merchants to tokenize a variety of assets, including deposits, which will be tracked on multiple public and private blockchains.

Mastercard is also a prototypical corporate middleman. It raked in $22 billion in revenue and $10 billion in profit last year from the fees it charges financial institutions to, essentially, help customers spend their own money. In other words, Mastercard is exactly the type of company that crypto zealots love to hate.

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