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Mastercard is hiring two executives to expand its encryption business, focusing on ecosystem rise and Financial Institution collaboration.
On July 1, Raj Dhamodharan, the head of encryption and Blockchain at the payment giant Mastercard, stated that Mastercard is hiring two vice presidents to expand its encryption business, including a vice president and digital asset ecosystem growth head, as well as a vice president and Financial Institution (FI) growth head.
The first position will be responsible for overseeing strategic partnerships in the digital asset space, collaborating with issuers, infrastructure providers, and startups to scale solutions such as Mastercard's Multi-Token Network (MTN) and Crypto Credential. The second position will focus on working with financial institutions to develop Blockchain applications such as commercial payments, cross-border transactions, and tokenized assets.