Mastercard Institutes Proprietary Blockchain for Cross-Border Payments

Blockchain, Innovation, News, Regulation | October 20, 2017 By:

Mastercard won’t take bitcoin payments. But it will allow you to transfer money over a blockchain using its proprietary technology for payments to goods and services providers.

A select few banks and merchants were invited to be part of the experiment. The technology in Mastercard’s case is strictly for cross-border payments between businesses.


Japan Tech Giant GMO Internet Releases Blockchain KYC Software

Announcements, Blockchain, Innovation | October 20, 2017 By:

Japanese Internet conglomerate GMO Internet has released an open source know-your-customer (KYC) software based on blockchain technology. The KYC software is part of the fifth phase of the GMO Blockchain Open Source Software Project (GMO Blockchain OSS).

GMO said the new KYC software reduces human and financial costs of identity verification through use of the blockchain.