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Bitkoins is not a payment instrument - it is extremely volatile and the transaction takes too long, said Mastercard CEO Enn Keirnsa.
"If we go with you to drink coffee and I decide to pay with bitcoins, then the drink can cost me, for example, 40% more expensive since it was served. But the actual completion of the transaction will take 10 minutes, "said Cairns.
She believes that the first cryptocurrency as an asset class can be compared to gold, but not classified as a means of payment.
Cairns noted that the company plans to introduce stablecoin in its network and is working with central banks on their plans for digital currencies (CBDC).
