Mastercard Debuts Blockchain-Based Multi-Token Network In The UK
Portfolio Pulse from Murtuza Merchant
Mastercard Inc (NYSE:MA) has unveiled its Mastercard Multi-Token Network (MTN), a blockchain-based platform aimed at enabling secure, scalable, and interoperable transactions within the digital asset and blockchain ecosystems. The beta version of MTN will be available in the UK during the summer. The platform will serve as an experimental platform for developing live pilot applications in collaboration with financial institutions, fintech companies, and central banks. The initial phase of applications will be powered by tokenized bank deposits.
June 29, 2023 | 5:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mastercard's unveiling of its blockchain-based Mastercard Multi-Token Network could potentially boost its position in the digital asset and blockchain ecosystems, potentially leading to increased revenues and market share.
Mastercard's new blockchain-based platform represents a significant move into the digital asset and blockchain ecosystems. This could potentially attract new customers and partnerships, leading to increased revenues and market share. The fact that the platform will be powered by tokenized bank deposits could also provide a unique selling point, potentially attracting further interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100