Mastercard, a leading provider of credit card services, is expanding its footprint into the burgeoning digital asset space.
In an ambitious move, the payments giant plans to launch a blockchain-based marketplace for financial applications, propelling the evolution of payment solutions beyond traditional parameters.
Diving Deeper into Blockchain Technology
In the quest to foster innovation in the financial technology space, Mastercard is poised to launch the beta version of its Mastercard Multi Token Network (MTN) in the UK in the coming months. The venture is being touted as an „app store powered by blockchain technologies for building regulated financial applications.”
Raj Dhamodharan, Mastercard’s Executive Vice President and Head of Crypto and Blockchain, emphasized the value of the underlying technology that powers crypto, stating that it is „actually quite useful.”
Developers leveraging MTN will gain access to a myriad of tools that the company has been developing, one of which i
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