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Mastercard Exec is Bullish on Crypto and Blockchain Technology

Published 05/25/2022, 10:30 AM
© Reuters.  Mastercard Exec is Bullish on Crypto and Blockchain Technology
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  • Mastercard’s VP of New Product Development and Innovation is bullish on crypto and blockchain.
  • Harold Bossé outlined the potential and the current weaknesses of crypto.
  • This was all mentioned on a May 24 Webinar hosted by Avalanche.

Harold Bossé, Mastercard’s Vice President of New Product Development and Innovation, is bullish on the mass adoption of crypto assets and blockchain technology. On May 24, Bossé appeared in a blockchain webinar where he noted that millions of people are already using crypto.

They are early adopters and new adopters, but we have switched toward mass markets, [and] that will be a very important aspect for financial institutions to move into the space.

Bossé outlined the potential of crypto assets and blockchain technology, stating how this emerging technology is similar to the advent of the internet. “[Prior to the internet], no one was thinking that Amazon (NASDAQ:AMZN) could even be a concept — you need the internet for Amazon to work.” He added that the current market is similar as it requires gr ...

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