Mastercard Building Blockchain App Store
On June 29, it was reported that the payments giant planned to launch a “Multi Token Network” in beta in the United Kingdom within the next few months.
Raj Dhamodharan, Mastercard’s executive vice president and head of crypto and blockchain, described it as a “app store powered by blockchain technologies for building regulated financial applications.”
The Mastercard MTN will provide developers with access to tools developed by the credit card company this year.
According to the report, these include a private version of the Ethereum blockchain on which the company will encourage developers to build new applications.
The official announcement confirmed the company’s commitment to cryptocurrency, describing the move as a “natural evolution” for a “wider range of payment solutions.”
(With inputs from Shikha Singh)
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