According to Foresight News, at the Token2049 side event Stable Rise hosted by the Worldwide Stablecoin Payment Network, Mastercard Vice President of R&D Huang Donghao delivered a keynote speech.

Huang Donghao emphasized that Web3 technology is reshaping the payment industry, providing users with higher trust and a smoother user experience.

He introduced the Tokenized Card NFT technology, which converts payment cards into non-transferable soul-bound tokens, improving transaction security and credibility.

In addition, he elaborated on the DigiPay solution, which effectively solves the micropayment problem with low fees and high throughput.