Mastercard is set to launch its MTN product, signaling the company’s increasing focus on digital assets and blockchain technologies.
Highlights
- Mastercard is set to launch its Multi-Token Network (MTN) product.
- The product aims to make transactions within the digital asset and blockchain ecosystems secure, scalable, and interoperable.
- The beta version of the MTN will be available in the U.K.
- this summer, acting as a testbed for developing pilot applications and use cases with financial institutions, fintech, and central banks.
- The first phase of the applications will be powered by tokenized bank deposits.
- The MTN could be used to secure Central Bank Digital Currency (CBDC) transactions.
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