Mastercard and JPMorgan Link Up to Bring Foreign Exchange on the Blockchain
Coindesk
2024-11-21
The collaboration is to enhance B2B cross border payments “providing greater transparency and faster settlement as well as reducing time zone friction.”
By integrating Mastercard MTN's connectivity with Kinexys Digital Payments, mutual customers of MTN and Kinexys will be able to settle B2B transactions through a single API.
Mastercard (MA) has connected its blockchain-based system for shifting tokenized assets, the Multi-Token Network (MTN), with JPMorgan’s (JPM) recently rebranded digital assets business Kinexys (formerly known as Onyx).