Mastercard's Vision for Web3 Payments: Trust and Seamless Experiences

At the Stable Rise side event hosted by the Worldwide Stablecoin Payment Network (WSPN) during Token2049, Donghao Huang, Vice President of Research and Development at Mastercard, delivered a keynote speech titled "Building Trust and Seamless Business Experiences: Leading the Future of Web3 Technology Payments."

Huang emphasized that Web3 technology is revolutionizing the payments industry, offering users enhanced trust and smoother user experiences. He highlighted an innovative technology called Tokenized Card NFT, which transforms payment cards into non-transferable soulbound tokens, significantly improving transaction security and credibility. He also elaborated on the DigiPay solution, which effectively addresses the challenge of micropayments with its low fees and high throughput.