Global Payment Industry, Says President MasterCard Europe, May Not Be Impacted by Blockchain

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

MasterCard Europe president Mark Barnett has recently voiced doubts that blockchain technology will bring much change to the global payment industry.

Barnett said in an interview with the Russian daily newspaper Vedomosti:

“I think it’s more likely to be used in digital identification, for example, to identify an individual or to trade in valuables.”

He added that it “would be an exaggeration” to say that MasterCard works with blockchain technology.

Given Barnett ‘s guarantee that blockchain isn’t going to be a MasterCard competitor, Ripple is a powerful competitor. Ripple provides both digital assets and monetary payment platforms with quick, cheap, and scalable options. Ripple was founded in 2012 and now offers services to more than 300 financial institutions, such as MoneyGram and Standard Chartered Bank.

Besides, Ripple currently has different payment corridors operating on its on-demand liquidity (ODL) product, in different countries. The company also plans to create more ODL channels to allow its XRP coin to be used.

In an interview published by City A.M, Marcus Treacher, Senior Vice President of Customer Success at Ripple stated:

“We have established On-Demand Liquidity corridors into Mexico, the Philippines, Australia, and Europe, and we’re hoping to further this expansion by opening corridors to APAC and EMEA this year.”

Recently another global payment giant, Visa, was looking for IT engineers with experience in blockchain payment projects and other payment processing aspects. That suggests the company could also invest in blockchain-based payments
Mastercard recently established, in collaboration with R3, a new cross-border payment network.

The Function of the Network
The network’s position is highlighted in open banking, where networks such as Mastercard ensure that retailers, customers, and FinTechs are served in a way that is safe but also ensures that customers have a variety of options to get what they want.

In battling the growing trend of digital, faster payments targeted by fraudsters — through authorized push payment scams — Barnett said there may sometimes be “too little friction in the process.”

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *