Mastercard, the financial payments behemoth, is set to launch a “Multi Token Network” (MTN) in beta in the coming months.
Mastercard’s Forthcoming Blockchain App Store
This Ethereum-based blockchain app store will serve as a hub for regulated financial applications.
Mastercard’s MTN will equip developers with tools that the credit card company has been developing over the year. This includes a private version of the Ethereum blockchain, encouraging developers to create innovative applications.
Mastercard’s Enthusiasm for Blockchain Technology
Raj Dhamodharan, the executive vice president and head of crypto and blockchain at Mastercard, expressed his optimism for blockchain technology, stating that it is “actually quite useful.”
Mastercard’s Commitment to Crypto
Mastercard has been making significant strides into the crypto space, referring to it as a “natural evolution” for a “wider range of payment solutions”. The company aims to support the digital asset industry and fortify confidence in its future.
Mastercard’s Crypto Initiatives and Future Plans
Mastercard has launched various initiatives in the digital asset sector, including NFTs, crypto-linked credit and debit cards, crypto infrastructure, and developer tools. They also offer products like ‘Crypto Secure,’ ‘Crypto Source,’ and ‘Crypto Credential’ to enhance transparency and trust in this field. The company plans to expand MTN to additional markets worldwide over time.
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