Crypto Too Volatile to Be Payment Tool, It Is Asset: Mastercard CFO Sachin Mehra

Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.

Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard executive as saying. Mehra's statements have come days after some US senators have proposed to bring in some relaxation in crypto taxes.Cryptocurrencies such as Bitcoin and Ether are too volatile in nature to become a dependable payment instrument, Sachin Mehra, Mastercard's Indian-origin chief financial officer (CFO), has said in a recent interview to Bloomberg. In Mehra's opinion, cryptocurrencies are actually better suited in the assets category. Digital currencies could aid the shift from cash to electronic forms of settlement, Mehra said in his interview. In recent times, Mastercard has taken several steps to establish itself as an early blockchain adopter. “If something fluctuates in value every day, such that your Starbucks coffee today costs you $3 (roughly Rs. 240) and tomorrow it's going to cost you $9 (roughly Rs. 715), and the day after it's going to cost you a dollar, that's a problem from a consumer-mindset standpoint,” Bloomberg quoted the Mastercard execu