SV Icon: Raj Dhamodharan, Mastercard
The biggest Web3 synergy
Raj Dhamodharan is head of blockchain at Mastercard, leading digital asset products and partnerships there. He believes the future of Web3 won’t substitute, but rather complement, what we have in web2, adding additional blocks for better functionality and user experience.
.
Mastercard’s role in Web3 is simple: to help customers with a better user experience by bringing simplicity and safety to crypto.
This mission happens with three main initiatives at Mastercard:
convert crypto into real currencies to pay merchants who accept Mastercard
make it easier for people to buy NFTs
help crypto wallets and exchanges perform identity and fraud checks
Raj believes that digital currencies by central banks make sense because digital currencies are not about decentralization but better functionality (for instance, control of proceeds, traceability, and flexibility).
To our surprise, Mastercard has one of the most extensive blockchain patent portfolios: 89 blockchain patents granted globally, with an additional 285 blockchain applications pending.
Organizer: Georgi Koreli
Hosts: Asriel Han, Anand Lalwani
Editor: Jacky Lin