Related: Mastercard tokenized 30% of its transactions in 2024Infrastructure designed for interoperabilityKatz described Kima’s settlement system as asset-agnostic and designed to simplify cross-ecosystem payments, supporting public blockchains, private ledgers and traditional banking rails:“Kima’s asset-agnostic settlement layer is designed to abstract the complexity of transferring value across disparate ecosystems, whether that’s public blockchains, private ledgers, or even traditional banking systems.”According to the announcement, Kima’s infrastructure is aligned with Mastercard’s aim to bring stablecoins into mainstream financial usage.
Katz rejects the Bitcoin and crypto hardliner vision of digital assets being contrapposed to fiat currency, claiming that “crypto and fiat must coexist seamlessly to reach their full potential.”Katz explained that Kima’s solution allows for easy crosschain interoperability and eliminates the reliance on intermediaries, custodians or complex smart contracts.
Kima CEO Eitan Katz said the integration shows that stablecoins can be practical for everyday use and remove friction and intermediaries from crypto-to-fiat conversions while expanding crypto usability.“Our goal at Kima is to eliminate barriers between digital assets and traditional finance,” Katz said.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Adrian Zmudzinski
The story "Kima joins Mastercard sandbox to enable stablecoin card top-ups" has 453 words across 14 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Kima joins Mastercard sandbox to enable stablecoin card top-ups" was covered 11 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 30 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
