Mastercard exec says widespread digital asset adoption will eventually come to fruition

Mastercard's (NYSE:MA) Harold Bossé, vice president of new product development and innovation, believes widespread adoption of blockchain technology and digital assets will materialize "sooner rather than later," he said during Avalanche’s Powering Business with Blockchain webinar on Tuesday. “They are early adopters and new adopters, but we have shifted to mainstream markets,” Bossé said. “This will be a crucial factor for financial institutions moving into this arena.” Nevertheless, there's still an overall lack of knowledge in digital asset markets, in addition to regulatory scrutiny on the space. "No one will use digital assets on blockchains unless they’re absolutely certain this money is good money,” Bossé said. Bossé's remarks come as Mastercard (MA) takes a series of steps to embrace the decentralized space. Its crypto offerings include credit cards and crypto-related rewards. The payment processing giant recently added crypto and digital currencies as well as open banking consulting practices in an effort