Mastercard recently partnered with the Analog Devices (ADI) Foundation to support stablecoin settlements, payments, and transactions. How should we understand this? The ADI Foundation is a blockchain organization based in Abu Dhabi (the UAE). They have a chain called the ADI Chain, which is not an independent Level 1 blockchain but rather an Level 2 chain built on the Ethereum ecosystem's Zksync technology. In other words, through this partnership, Mastercard can now utilize the Zksync network for stablecoin payments and transactions. Since ADI is located in the Middle East, this partnership may have a greater impact on the Middle East and related regions (with large populations of Indians, Southeast Asians, and Africans working in the region). If the partnership with ADI yields positive results, more financial institutions will consider adopting Zksync's elastic chain technology to build their new financial systems (Deutsche Bank and Citibank are also testing asset tokenization on Zksync). Whether it's Zksync, other Ethereum Level 2 blockchains, or other chains, the global banking, payment, and transfer systems are gradually moving towards crypto-finance. This also foreshadows a trend: in the future, all money-related matters worldwide will gradually be handled on the blockchain, rather than through the old-fashioned banking system.
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