TechFlow news, on February 13, according to Cointelegraph, Mastercard, the multinational payment services giant, has tokenized 30% of its transactions in 2024. In its filing, the company acknowledged that cryptocurrencies such as stablecoins are becoming competitors in the payments industry and could pose challenges to its existing products.
Mastercard stated it is focusing on supporting the development of blockchain ecosystems and digital currencies through prudent risk management practices and ongoing monitoring of digital asset market partners. In 2024, Mastercard achieved net revenue of $28.2 billion, a 12% increase year-on-year.
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