Mastercard Manager: “I Think It’s An Opportunity”

According to Grace Berkery, Mastercard’s director of startup engagement, the cryptocurrency industry may experience a reset after the chaos of the cryptocurrency exchange.

Grace Berkery, startup engagement director at Mastercard, one of the world’s largest payment processing companies, said she thinks the collapse of FTX, one of the largest cryptocurrency exchanges of its time, will ultimately be positive for the industry.

TechCrunch reports that Berkery said at Benzinga’s Future of Crypto Conference, “I think this is an opportunity and it’s time to reset.”“At Mastercard, we believe there is a lot of hope in the underlying technology. There’s a lot going on in this area.” She reported using the phrases.

Berkery added that investors see NFTs and constructive efforts towards the metaverse as a great opportunity, especially as these projects increase customer engagement and loyalty. She noted that the new institutional investors joining will be more conscious of due diligence of crypto partners in the future.

The collapse of the giant cryptocurrency exchange FTX has increased the appetite of other major financial players for cryptocurrencies. Mathew McDermott, head of digital assets at Goldman Sachs, one of the largest investment banks in the US, came to the fore, claiming that cryptocurrencies are “much more reasonably priced” and are highly investment opportunities.

Payments giant Mastercard developed tools to provide better cryptocurrency compatibility, and launched Crypto Secure in October. As we reported earlier, the platform, dubbed Crypto Secure, uses artificial intelligence technology to monitor and detect cryptocurrency exchange-related risks involved in Mastercard’s payment flow. Market analysts and experts emphasize that products like Crypto Secure are very important in promoting the adoption and secure use of cryptocurrencies.

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