Mastercard executive Grace Berkery said that the collapse of FTX will have positive results for the cryptocurrency industry.
Speaking at the Future of Crypto event, Berkery sees the FTX crash as an “opportunity to reset.”
Mastercard Manager Believes in the Industry
Speaking at the crypto event, Berkery said:
“I think it’s a good opportunity to reset.
At Mastercard, we believe there is a lot in the underlying technology.”
Speaking about NFT and the metaverse, Berkery said that he sees these projects as a great opportunity in an equation where it increases customer engagement and loyalty.
In addition, he emphasized that institutional investors who have just entered the sector will be more careful in their future plans.
The payments giant launched Crypto Secure in October, developing a new tool for crypto compliance. The platform uses artificial intelligence to monitor the risks associated with crypto exchanges involved in the payment flow.
Another giant in the financial industry also viewed the collapse of FTX as a beacon of hope. Mathew McDermott, head of digital assets at Goldman Sachs, said broad investment opportunities abound as crypto assets are “much more reasonably priced.”
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