Mastercard Wades Into Murky Waters With Its New Digital ID

In December, Mastercard announced that it was working to develop an international digital identity scheme which could be used as a flexible verifier for financial transactions, government interactions, or online services. The idea of a secure, decentralized, universal ID has become a sort of holy grail in the age of rapid digital interactions and rampant identity fraud. Mastercard's initial announcement was met with some skepticism from privacy-minded observers.

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