Payments Giant Mastercard Launches ‘Blockchain App Store’ in Beta Amid Crypto Foray: Report – Crypto News – Crypto News
Connect with us
Payments Giant Mastercard Launches 'Blockchain App Store' in Beta Amid Crypto Foray: Report Payments Giant Mastercard Launches 'Blockchain App Store' in Beta Amid Crypto Foray: Report

others

Payments Giant Mastercard Launches ‘Blockchain App Store’ in Beta Amid Crypto Foray: Report – Crypto News

Published

3 years ago

on

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

In a statement to FortuneMastercard executive vice president and head of crypto and blockchain Raj Dhamodharan says the Mastercard Multi-Token Network (MTN) is an “app store powered by blockchain technologies for building regulated financial applications.”

MTN is similar to the Apple app store, but the platform provides developers access to Mastercard’s tools including a private version of the Ethereum (eth) blockchain for building new applications.

Dhamodharan says The world’s second-largest payments network will release the beta version of the MTN in the UK this summer as a test bed for applications and use cases with financial institutions, financial technology (fintech) firms and central banks.

“The first phase of the applications will be powered by tokenized bank deposits. Over time, we plan to make MTN available in additional markets around the world.”

Mastercard introduces MTN as it actively ventures into the world of crypto. Earlier this month, the firm filed an application to trademark a set of crypto and blockchain tools. The payments titan also recently announced that it is expanding Its Engage partner network to broaden access to digital assets.

Says Dhamodharan,

“MTN represents one of Mastercard’s most ambitious projects in the digital asset space to date… Our goal is to support the wider digital asset industry and interested parties to help fortify confidence in its future.”

Don’t Miss a Beat SUBSCRIBE to get email alerts delivered directly to your inbox

check price action

Follow us on Twitter, facebook and Telegram

surfing The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending