MasterCard would work with state-issued digital currencies

One of the world’s main credit and debit card issuers does not exclude the theoretical opportunity to work with cryptocurrencies, although Ari Sarker, co-president of Mastercard's Asia-Pacific branch, meant state-backed digital currencies similar to the coin which is still being developed in China.

The policy of MasterCard requires a currency to have an intrinsic value and to be backed by the government of some country. This means that this statement is not a major breakthrough for Bitcoin, Ethereum and other digital currencies issued by programmers and, as traditional bankers believe, are not backed by anything except the trust of investors.

Due to the fact that major payment organizations start to demonstrate interest and openness to the idea of state-issued digital currencies, this type of coins may get an advantage against Bitcoin and other classic coins.

The main problem with state-issued coins is that they do not actually exist at the press time (except for Petro but it’s a scam, as noted by the U.S. government). Meanwhile, the Russian project of cryptorouble has been buried by its creators after the need in it started to become less and less obvious.

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