TechFlow reported on February 18 that, according to CoinDesk, Raj Dhamodharan, head of crypto and blockchain at Mastercard, said the company has moved from an experimental phase to delivering practical cryptocurrency solutions. Mastercard recently partnered with compliance firm Notabene to integrate its Crypto Credential system into the SafeTransact platform, enabling users to transfer digital assets using email addresses instead of complex wallet addresses.
Dhamodharan noted that Mastercard will focus on three key areas in 2025: building on- and off-ramps for cryptocurrencies, expanding the functionality of Crypto Credentials, and growing its stablecoin business. The company currently supports financial institutions using stablecoins for transaction settlements and plans to announce more partnerships and use cases this year. Regarding the trend of asset tokenization, he stated that this sector will see significant growth once regulations clearly permit representing deposits on public blockchains.
