Mastercard VP Highlights Web3 Technology's Impact on Payments at Token2049 Event

According to Foresight News, Mastercard's Vice President of Research and Development, Huang Donghao, delivered a keynote speech at the Token2049 side event, Stable Rise, organized by the Worldwide Stablecoin Payment Network (WSPN). The speech, titled 'Building Trust and Seamless Business Experience: Leading the Future of Web3 Technology Payments,' emphasized the transformative impact of Web3 technology on the payments industry, enhancing user trust and providing a smoother experience. Huang Donghao introduced an innovative technology called Tokenized Card NFT, which converts payment cards into non-transferable soul-bound tokens. This advancement significantly improves transaction security and credibility. Additionally, he elaborated on the DigiPay solution, which addresses micropayment challenges with its low fees and high throughput capabilities.