Even though there is panic in the cryptocurrency market but big companies know the future and that is why they always keep exploring crypto projects. It is a time of the crypto revolution and every big player want to make an entry in the crypto space that is the reason we are seeing manipulation in cryptocurrency nowadays however this is a big industry and its future which is why no one wants to stay behind in this race.

Visa and MasterCard are the leading companies in the payment field. They are keeping an eye on the crypto projects so that they can do partnerships and grow with this technology. I have seen the latest update regarding CBDC it's full form is central bank digital currency. The good news is MasterCard partnering with CBDC. We have multiple fiat currencies in this world and CBDC provides digital forms of these currencies without changing the value. I think this is the big use case.

Soon this will boom in the world because this is a cost-effective solution for the countries. Physical currency is not easy to manage which is why people love to use digital currency and also government wants digitalization but because of decentralization, they hate cryptocurrency. And decentralization is the most important factor for any crypto project. The partnership between MasterCard and CBDC is still in exploration mode because as I said MasterCard company exploring things.

If Mastercard will work with multiple crypto projects then it can go ahead than Visa company. Mastercard can do better with CBDC and this will help CBDC to grow. They can introduce new features and better service than before because Mastercard is a big brand. Mastercard taking an interest in crypto projects which means they are already in crypto and maybe not. This will create more competition and more crypto projects will get the benefit.

There are many competitors of Mastercard and after this move, they will try to copy this move and try to build something more advanced than MasterCard. So this is the cycle and it will keep going on. Anyway, when we talk about adoption then there are multiple countries that can adopt CBDC, and when it comes to my country India then glad to say that they have launched CBDC for the users. I have not tried it yet but still exploring things. I am not the person who joins too early because waiting for the service betterment and user reviews is my first priority.

Without taking care of the market situation think about the future. And if you found this post helpful then share it on social media and also share the comment below.

Thank you, everyone.

Lucky Ali

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		Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥

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