Mastercard has launched a new initiative focused on digital assets and blockchains. The new Multi-Token Network (MTN) is focused on projects on these technologies, Mastercard Executive Vice President of Blockchain and Digital Asset Products and Digital Partnerships Raj Dhamodharan said in a Wednesday (June 28) blog post. “Our vision for...
Blockchain-for-finance firm Quant has opened its infrastructure platform to business customers. The company’s Overledger Platform — used in the Bank of England and Bank for International Settlements’ retail central bank digital currency (CDBC) project — is now available via software-as-a-service (SaaS), Quant said in a...
J.P. Morgan Chase has launched euro-denominated transactions with its blockchain-based JPM Coin. This offering for corporate clients went live Wednesday (June 21), Bloomberg reported Friday (June 23). Reached by PYMNTS, J.P. Morgan Chase confirmed the report. The new euro-denominated JPM Coin payments join the dollar-denominated ones the bank has...
Swift is testing the use of its existing infrastructure to transfer tokenized value over blockchain networks. The provider of financial messaging services is working with Web3 services platform Chainlink and more than a dozen financial institutions (FIs) and financial market infrastructures (FMIs) on the test,...
Mastercard has unveiled standards and infrastructure that will help verify interactions using blockchain networks. The new Mastercard Crypto Credential is meant to ensure that financial institutions, governments, brands and crypto organizations are meeting defined standards for the types of activities they would like to pursue...
Citi India tapped Contour to conduct its first blockchain-enabled letter of credit transaction. It was the banking giant’s first transaction using Contour, a digital trade finance network of which Citi is a founding member bank, according to a Monday (April 17) press release. Contour’s decentralized...
As the crypto industry contagion continues to spread and add casualties, bitcoin is conversely looking steady. Bitcoin, the first and most widely recognized virtual currency, is often viewed as a stand-in or proxy for the entire digital asset industry more broadly. While, admittedly, just one...
The bitcoin miner formerly known as Riot Blockchain has rebranded itself as Riot Platforms. Riot Platforms said in a Tuesday (Jan. 3) press release that the new name reflects the fact that it is diversifying its business while remaining driven by bitcoin. Already active in...
As central banks roll out central bank digital currencies (CBDCs) for both wholesale and retail use cases, public-private partnerships are expected to play a pivotal role. This is especially true for cross-border payments, where wholesale CBDCs are anticipated to improve transaction efficiency and security. Public-private partnerships are...
