In a significant move that signals the mainstream financial world’s growing engagement with digital currencies, payments giant Mastercard has taken a proactive stance on central bank digital currencies (CBDCs). The company recently announced the formation of a new forum, bringing together key players in the crypto and blockchain industries, including Ripple, Fireblocks, and Consensys, to encourage discussions and collaboration on CBDC initiatives. CBDCs: A New Era of Money Central Bank Digital Currencies, or CBDCs, represent a digital form of a country’s native currency, backed and regulated by the nation’s central bank. Unlike cryptocurrencies, which operate independently of a central authority,

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