MasterCard and Visa Are Making Bold Moves toward Mass Crypto Adoption
The initial resilience towards cryptocurrency, it managed to garner the attention of the biggies in the business. Financial payment platform mogul, MasterCard and Visa have openly propagated the idea of using cryptocurrency exchange platform. One of the reasons that fintech companies are now relying on the cryptocurrency is because this is backed by Blockchain, which offers a decentralized platform for cryptocurrency exchange. Blockchain eliminates the meddling of third-parties, thus becomes a time-saving and cost-effective solution. Owing to this, Blockchain has become one of the most sought-after career options, and one of the hottest skills in demand. Most of the companies are looking for individuals having Blockchain development skills, and some of the companies are also promoting the idea of Blockchain training for their employees.
The primary reason for this is that in the times to come we are going to witness the growing demand for a Blockchain Developer who can ensure corroboration of the Blockchain platform with the conventional mode of business operations, thereby catalyzing the process.
Big names supporting cryptocurrency:
Names like MasterCard and Visa have actively supported the idea of using cryptocurrencies. They have openly propagated the idea of using cryptocurrencies for exchange and use of Blockchain platform. In the month of July, MasterCard and Visa made Open statements stating that cryptocurrencies are going to redefine the future.
The company has established an association with some of the leafing cryptocurrency-based companies like Coinbase and Fold in 2020. These are just a few names, in addition to this the company has than 25 cryptocurrency wallets which are connected to the Visa system. The company also has fintech-focused accelerator program called FastTrack. It has cryptocurrency and Blockchain companies that can access the FastTrack system and network.
The reliance on cryptocurrency is not merely related to cryptocurrency and Blockchain; rather, they have also been working on creating their own cryptocurrency. The company has worked on creating whitepapers for the Zether and FlyClient projects.
MasterCard, similar to Visa, has also been encouraging cryptocurrency exchange, and payment services. The company is working towards onboarding crypto debit and credit cards providers to create a faster transaction system. Wirex became the first cryptocurrency platform granted a MasterCard principal membership.
These are some major development that happened in MasterCard and Visa in the field of cryptocurrency. These are just a few names, and other big names are making some impactful development in the field of cryptocurrency and Blockchain. Owing to this there is a growing demand for Blockchain developer and Blockchain engineers.
Conclusion- The growing importance of Blockchain development and engineering courses is not just because this is a popular option, rather, Blockchain engineer salary and the pay scale is on a higher side when compared to other profiles. So, if you want to become a leading Blockchain engineer or Blockchain developer, then you must go for Blockchain certification or Blockchain training courses.
Blockchain Council provides these Blockchain certification courses that will provide you with all the information and understanding of the practical use of the same. Enroll for this certification program and see your career grow exponentially.
MasterCard and Visa Are Making Bold Moves toward Mass Crypto Adoption was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.