It is known news that cryptocurrency exchange platform FTX found by Sam Bankman- Fried (SBF) collapsed disastrously wiping out billions worth of capitalization in just a few days. However, one expert feels it is a blessing in disguise.
Grace Berkery, chief of Mastercard reportedly believes this incident has provided an opportunity for the industry and the investors to take a break and reset. She reportedly stated that the FTX incident would not take away the investors from the crypto market but instead it would teach them to be more careful while choosing their partners and go for those who have proven track records and an established customer community.
Since the last few years, Mastercard has been supporting the digital currency by investing and engaging in various initiatives that offer crypto trading for its clients. They have also launched a crypto card to provide better customer experience. Only time will tell how right this assessment is.
