Mastercard and JPMorgan Link Up to Bring Foreign Exchange on the Blockchain

Coindesk
21 Nov 2024
  • 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).

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