According to recent news articles, #Mastercard sees no justification for consumers to use CBDCs. In a recent statement, Mastercard said that consumers are "so comfortable using today's type of money" that "there isn't enough justification to have a CBDC". However, Mastercard has been engaging in discussions with many central banks to better understand their objectives and to help them evaluate various approaches and design options for CBDCs.
Mastercard is committed to helping central banks explore the opportunities CBDCs present and sees itself playing a critical role in enabling and supporting new digital networks like #CBDCs from an infrastructure, applications, and services level. In a 19-page document submitted to the Federal Reserve, Mastercard emphasized the need for the Fed to retain a U.S. payments system in which it works closely with private players, referred to as a two-tier system, if it decides to move forward with a CBDC. However, Mastercard's letter made clear that the company isn't sold on the idea of creating a CBDC and believes more study is needed before proceeding toward one.
