Hello! 👋🏻 In this post, we will tell you about the launch of the Mastercard platform for testing the national cryptocurrency.

📌 Everyone who follows the news of cryptocurrencies knows that China has already begun the implementation and testing of its own cryptocurrency CBDC.

💳 Recently, the Mastercard payment system announced that it has created its own virtual platform for testing such solutions. This will help central banks to conduct R&D in the field of digital currencies.

📈 Central banks around the world have long been interested in the idea of ​​creating their own digital assets. Thus, a study conducted by the Bank for International Settlements showed that about 80% work with CBDC, and about half (40%) are already switching to open experiments, for example, the same China and Thailand.

🚀 With the help of Mastercard, which has established itself as a convenient and reliable payment system, it is hoped that their initiative will accelerate the issuance of CBDCs by central banks.

⚙️ Now MC invites not only central banks, but also commercial banks, as well as fintech companies to evaluate technical solutions in the field of CBDC and check the operability for the mass user.

🔔 According to a statement from Raja Dhamodharna (Executive Vice President, Products and Partnerships for Digital Assets and Blockchains), "This new platform supports central banks as they make decisions now and in the future regarding the further development of local and regional economies."

✅ Cryptocurrencies are rapidly becoming an integral part of our life, there is massive digitalization and soon the rejection of traditional fiat currencies.

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Greetings. 👋🏻 Today we will talk about the end of belief in the US dollar and the digitalization of the economy.

🔸 The world started talking with renewed vigor about the end of the dollar as a world reserve currency - the American currency no longer justifies its status, the number one economy is becoming more and more closed. In fact, conversations like this happen every crisis when the US prints as much of it as they want.

🔸 Recently, the dollar has continued to show a decline that could break its 2010 record. Today, the world's political leaders say openly that the time has come to reduce dependence on the American currency.

🔸 In particular, the EU, Russia and China are discussing the creation of a payment system to bypass the next US sanctions. Despite the fact that the dollar still maintains world leadership in the markets, the question of the future hegemony of the American currency is open.

🔸 Meanwhile, digitalization is gaining momentum, in particular, the emergence of new digital currencies. For example, China is already developing and testing its digital yuan. The Bank of Japan announced that it is forming a working group to conduct an in-depth study of the central bank digital currency (CBDC). And even the US has developed blockchain platforms to test the digital dollar.

✅ The development of digital currencies is the most promising fintech direction in the near future. One of the projects that actively develops the industry is DSF. Its distinctive feature is the development of e-commerce using blockchain technology.

✅ Smart contracts reliably protect DSF users from fraud, are the guarantor of honesty and openness of transactions, and our token helps to conduct fast cross-border transactions without bureaucracy, which even the modern digital economy does not allow.

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