Catenaa, Friday, February 14, 2025 – Mastercard has significantly advanced its blockchain and digital asset initiatives, revealing that 30% of its transactions in 2024 were tokenized, a move that shows its integration of blockchain technology into traditional payments.1
The financial giant continues to collaborate with cryptocurrency platforms, aiming to streamline crypto adoption for consumers by enabling them to buy, store and spend digital currencies via their cards.
A recent filing with the Securities and Exchange Commission highlights Mastercard’s efforts to refine blockchain-based financial solutions while maintaining stringent risk management protocols.
Mastercard also announced plans Friday to phase out traditional 16-digit credit and debit card numbers by 2030.
The company will replace them with on-device biometrics and tokenization to enhance security and combat fraud. The initial rollout of these numberless cards will begin in Australia, in partnership with local banks.
Mastercard’s financial performance reflects its strategic shift, reporting a 12% rise in net revenue for 2024, totaling $28.2 billion. Additionally, the company noted a surge in stablecoin transaction volumes, surpassing the combined total of Visa and Mastercard’s own processing figures. This increase is attributed to automated trading bots optimizing transactions.
Mastercard’s board earlier declared a quarterly cash dividend of 76 cents per share, payable May 9 to shareholders of record as of April 9. The company’s annual stockholders meeting is set for June 24, with details to be outlined in its proxy statement. Shareholders of record as of April 25 may vote.
- quantisnow.com: https://quantisnow.com/insight/mastercard-board-of-directors-announces-quarterly-dividend-5879813[↩]
