Payments giant Mastercard (MA) has connected its blockchain-based tokenized asset transfer system, Multi-Token Network (MTN), with JPMorgan (JPM) 's recently rebranded digital asset business, Kinexys (formerly Onyx), in a partnership aimed at enhancing B2B cross-border transfers, "providing greater transparency and faster settlement speeds, and reducing time zone friction".
Tokenized Forex is an attractive subset of blockchain-based real-world asset trends that are now firmly embraced by traditional finance as it provides a near-real-time, always-on way to avoid cross-border gaps and pain points, the companies said in a joint statement. By integrating Mastercard MTN's connectivity with Kinexys Digital Payments, mutual clients of MTN and Kinexys will be able to settle B2B transactions through a single API.
Mastercard and partner with JPMorgan to bring B2B cross-border transfer to blockchain
2024-11-21 15:55:05
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
万事达卡和与摩根大通合作将B2B跨境支付引入区块链Next article：
美国监管机构发布最终规则，监管大型科技公司的电子钱包
