Mastercard Working On Ethereum-Based Multi-token Network

Crypto Daily
Crypto Daily

30 Jun 2023 5:00 AM

The payments giant plans to launch a blockchain-based marketplace for financial applications, propelling the evolution of payment solutions beyond traditional parameters....

  • Mastercard is expanding into the digital asset space by launching a blockchain-based marketplace for financial applications.
  • The company plans to launch the beta version of its Mastercard Multi Token Network (MTN) in the UK.
  • MTN will provide developers with tools, including a private Ethereum-based blockchain, to create novel applications.
  • Mastercard aims to make transactions within the digital asset and blockchain ecosystems secure, scalable, and interoperable.
  • The company sees digital asset and blockchain technologies as critical infrastructure for storing and moving value.

The article portrays Mastercard's expansion into the digital asset space as an ambitious and innovative move. It highlights the company's commitment to blockchain technology and its vision for secure and efficient payment solutions. The sentiment is positive overall.

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