CoinDesk Podcast Network Special Edition: Network Effect Podcast With Raj Dhamodharan
Jun 3, 2025
Raj Dhamodharan, Executive Vice President at Mastercard, shares insights on integrating blockchain and digital assets into payment solutions. He discusses the rise of stablecoin-linked cards, which empower users, especially in emerging markets, to transact without converting to traditional currencies. The conversation delves into the complexities of payment processing in digital currencies while highlighting Paxos' role in ensuring safety and compliance. Raj also unveils exciting partnerships like MoonPay, enhancing cross-jurisdictional stablecoin transfers for gig workers.
AI Snips
Chapters
Transcript
Episode notes
Stablecoin-Linked MasterCard Cards
- Stablecoins are linked to MasterCard cards by crypto wallet providers and exchanges like MetaMask and Kraken.
- This enables users to spend stablecoin balances at millions of merchant locations globally.
Consumer Choice in Payments
- MasterCard prioritizes consumer choice and supports hundreds of currencies including stablecoins.
- They enable seamless payments regardless of whether the user prefers fiat or crypto.
Converting Currencies Seamlessly
- MasterCard facilitates currency conversion between consumer spending currency and merchant receiving currency.
- Partners like Paxos help handle conversions to enable smooth payments.