Michael Miebach was CEO at Mastercard (NYSE) and spoke to investors about his optimism regarding the future of cryptocurrency. Mastercard has seen significant growth in the number of customers using Mastercards to buy crypto. It has also secured partnerships with several cryptocurrency companies. Miebach spoke out about the most ambitious aspect of central bank digital currency, known as CBDCs.

At this time we believe this type of technology is most likely to be used for payments if it is issued via a CBDC by the government. That was what we told each other on several calls. We also said we would make sure our network is prepared to accept a CBDC from any government that issues it. It will replace the dollar and euro in our settlement currencies.