Mastercard will expand its encryption team by hiring two senior executives to promote its Blockchain initiatives.

[Mastercard to Expand Crypto Team, Hiring Two Senior Executives to Drive Blockchain Initiatives] Payment giant Mastercard ( is expanding its crypto business team and plans to hire two vice president-level executives based in the U.S. The Head of Digital Asset Ecosystem Growth will lead collaborations with stablecoin issuers, infrastructure providers, and other partners to advance its multi-token network ) MTN ( and other initiatives; the Head of Financial Institution Growth will drive the adoption of blockchain technology by banks and other institutions, exploring scenarios like cross-border payments and asset tokenization. Raj Dhamodharan, the head of cryptocurrency services at Mastercard, stated that the company is committed to connecting traditional finance with Blockchain networks. Recently, it announced the integration of more stablecoins into its global payment system and launched the cross-border settlement service Mastercard Move based on USDC. This recruitment continues its active layout in the cryptocurrency field in recent years, including participation in the construction of the Paxos stablecoin network.