Mastercard seeks 'Director of Crypto Flows' for payments

Mastercard is hiring a dedicated executive for cryptocurrency payments, BeInCrypto reported. According to a LinkedIn posting, the position, titled "Director of Crypto Flows," will be responsible for overseeing the issuance of stablecoin-linked cards, expanding DeFi payments, and leading the overhaul of network regulations for Web3 transactions. The move is seen as a response to threats against the company's traditional card fee-based revenue model from the proliferation of stablecoins and the expansion of AI-driven commerce.