Michael Miebach (CEO of Mastercard, NYSE:), shared his optimistic outlook about the crypto industry during an earnings conference call. Not only has the company seen significant volume growth when consumers use their Mastercards for crypto purchases, but it has also secured many partnerships with cryptocurrency companies. However, Miebach had a most ambitious view during discussions about central bank digital currencies (or CBDCs).

We believe that this technology will work best for payment if issued by a CBDC-designated government. On a few calls, we stated that this was something we had said before and that our network will be ready for that when the government issues a CBDC. This CBDC will serve as settlement currency within our network alongside the dollars and the euro.