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.