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Mastercard Executive Thinks FTX Collapse Will Have Positive Result

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Mastercard executive Grace Berkery said that the collapse of FTX will have positive results for the cryptocurrency sector.

Speaking at the Future of Crypto event, Berkery sees the FTX collapse as “an opportunity for a reset”.

Mastercard Manager Believes in the Industry


Berkery, who took the floor at the crypto event, said the following:

“I think it’s a good opportunity to reset.
As Mastercard, we believe that there are many things in the underlying technology”

Berkery, who also spoke about NFT and metaverse, said that he sees these projects as a great opportunity in an equation where he increases the participation and loyalty of customers.
In addition, he emphasized that institutional investors who have just entered the sector will be more careful in their forward-looking October plans.

Pay October, the payment giant launched Crypto Secure, a new tool for crypto compatibility. The platform uses artificial intelligence to keep track of the risks associated with crypto exchanges involved in the pay stream.

Another giant of the financial sector also considered the collapse of the FTX as a glimmer of hope. Mathew McDermott, head of digital assets at Goldman Sachs, said that broad investment opportunities abound because crypto assets are “priced much more reasonably”.

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