Home » Mastercard to Launch Blockchain Payments Platform

Mastercard to Launch Blockchain Payments Platform

news - Mastercard to Launch Blockchain Payments Platform

Mastercard, a multinational financial services corporation has partnered with enterprise-focused blockchain firm R3 to launch a blockchain-powered cross-border payments platform.

The deal on “developing and piloting” the payments solution was inked on Wednesday. It will initially be aimed at connecting faster payments schemes and banks backed by Mastercard’s clearing and settlement network.

The Mastercard’s blockchain solution will be run on Corda Enterprise, the commercial version of the platform, as opposed to the open-source Corda Network. 

It is expected that the new platform will solve such issues as costly payments processing, liquidity management, the lack of standardization and connectivity between banks and domestic clearing systems.

JOIN TO OUR TELEGRAM CHANNEL

ALL THE LATEST BREAKING NEWS ON TELEGRAM

Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.

“Our goal is to deliver global payment infrastructure choice and connectivity as demonstrated through our recent strategic acquisitions and partnerships, including our relationship with R3,” Peter Klein, executive vice president of new payment platforms at Mastercard, told. 

Have your say!

1 0

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.

Sign Up

ajax-loader