Top execs at Mastercard (NYSE:MA) and Wells Fargo (NYSE:WFC) agreed that blockchain technology has long-term potential, but it has not been realized to date, CNBC reports on March 28.
Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga concurred that the potential of distributed ledger technology (DLT) is yet to pay off, but that there are still no clear business use-cases as of now. The executives made their comments to CNBC at the Fintech Ideas Festival on Wednesday.
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