Mastercard Michael Miebach has predicted that widespread adoption of cryptocurrencies is a long way away from becoming a reality. While maintaining an optimistic attitude towards the asset class gaining more popularity in the future, Miebach said that the formulation of apt laws is needed as soon as possible. The Mastercard chief executive is a Bitcoin supporter and aims to speed things up to the time where BTC is used as a regular payment option.
In a recent interview with Yahoo Finance, Miebach claimed that an increasing number of investors are showing enthusiasm to experiment with crypto assets.
“I think these things need to click in, and then you have the building blocks for it to become mainstream. I think it’s a long way to go before crypto becomes mainstream,” the Mastercard honcho was quoted as saying.
Founded in November 1966, Mastercard today provides financial services to millions of people worldwide.
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