Payments Giant Mastercard Launches ‘Blockchain App Store’ in Beta Amid Crypto Foray: Report - The Daily Hodl

The Daily Hodl
The Daily Hodl

30 Jun 2023 6:45 PM

Payments giant Mastercard is rolling out a new platform for blockchain-based applications as it expands its presence in the digital asset space....

  • Mastercard is launching the Mastercard Multi-Token Network (MTN), a blockchain-based platform for building regulated financial applications.
  • MTN is similar to the Apple app store and provides developers access to Mastercard's tools, including a private version of the Ethereum blockchain.
  • The beta version of MTN will be released in the UK this summer for testing with financial institutions, fintech firms, and central banks.
  • The first phase of applications on MTN will be powered by tokenized bank deposits, with plans to expand to additional markets worldwide.
  • Mastercard is actively venturing into the world of crypto, filing for trademark applications for crypto and blockchain tools and expanding its Engage partner network.
  • The goal of MTN is to support the wider digital asset industry and fortify confidence in its future.

The article portrays Mastercard's expansion into the digital asset space positively, highlighting the launch of MTN and the company's efforts to support the digital asset industry.

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What is the Mastercard Multi-Token Network (MTN)?How is MTN similar to the Apple app store?What tools does Mastercard provide to developers on the MTN platform?Where will the beta version of MTN be released for testing?What is Mastercard's goal with MTN and its expansion into the digital asset space?

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