Michael Miebach Is Saying That Crypto Patents Will Pay Off When CBDC Is Coming
Miebach said to analysts during the company's Oct. 28 Q3 profits call that Mastercard's cryptocurrency intellectual assets "puts us in a good position" for a CBDC future. He said: "The link into an acceptance network is critical" for a CBDC, and he added "So we hold some patents in [the crypto] space that link these transactions right back into our network where it can be used. And this is how we can bring value, and it brings value to us." Miebach further said that Mastercar