Mastercard just reported that 30% of its transactions in 2024 were tokenized—yep, almost a third. And they casually slipped this gem into an SEC filing like it’s no big deal.

The best part? They’re now openly admitting that blockchain, stablecoins, and crypto payments are actual competition. They even said that these “new technologies” could be superior and make their own services obsolete. (Translation: "We’re sweating, but we don’t want to say it out loud.")

It gets better. Mastercard is also watching governments scramble to launch their own CBDCs, which could mess with their payment networks even more. So now they’re doing the classic TradFi move—rushing to tokenize everything in sight so they can stay relevant.

Now, don’t get me wrong, Mastercard isn’t going anywhere overnight. But when the old guard starts investing in blockchain, AI, and tokenized assets just to not get left behind, you know which direction this is heading.

Legacy payments? Meet the slow, inevitable fade into irrelevance.

Oh, and Mastercard? Welcome to crypto—took you long enough. 🚀