Mastercard executive sees FTX collapse as 'time to reset' for crypto: TechCrunch
The crypto industry will experience a reset following the chaos of the FTX collapse, said Grace Berkery, Mastercard’s director of startup engagement. Grace Berkery, director of startup engagement at the payment processing firm Mastercard, thinks the collapse of FTX will ultimately be a positive for the industry.
Mastercard itself has built tools for better crypto compliance, rolling out Crypto Secure in October. The platform uses artificial intelligence to monitor crypto exchange-related risks in Mastercard's pay flow, The Block reported previously. . “At Mastercard, we believe there’s a lot of promise in the underlying technology. There’s a lot happening in the space.”
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