MasterCard elaborates his push in crypto with plans to hire two senior leaders focusing on digital assets and blockchain.
The payment giant recruits to a vice president, head of digital assets ecosystem growth and a vice president, head of financial institutions (Fi) Growth, both with base in the US
“Excited to share two open roles on my team as MasterCard continues to build the next generation of payments and run innovation across digital assets,” wrote Raj Dhamodharan, MasterCard’s head of Krypto and Blockchain, in a LinkedIn post.
The first role will oversee strategic partnerships across the digital asset sector working with issuers, infrastructure providers and startups to scale solutions such as MasterCard’s multituated network (MTN) and crypto -credit. The second role will focus on collaborating with financial institutions to develop blockchain uses, such as business payments, cross-border transactions and tokenized assets.
MasterCard has been among the most active traditional funding companies exploring crypto and establishing ties across the ecosystem for years. Most recently, the company announced plans to integrate multiple stableecoins into its global payment network and build on existing support for Circle’s USDC. It also rolls stableCOin-based cross-border transactions through the MasterCard Move.
In an interview with Coindesk earlier this year, Dhamodharan said MasterCard’s goal is to act as a bridge between blockchain networks and traditional funding, providing regulatory clarity and at the same time enables new business models.
He added that financial institutions have to “be very open to produce [crypto] Available as wide as possible. “
