MasterCard is to open access to its insider blockchain via an API to allow for a seamless way to transact.
Mastercard is to open access to its insider blockchain via an API to allow for a seamless way to transact. They will do it at the Money 20/20 hackathon in Las Vegas next week.
It seems the Payment Card Giant decided to take up the lead of Android and others in the sphere of payments. They will open access to their blockchain via an API, which will allow banks and retailers to develop their own solutions of how to work within the network.
Mastercard has already tested its solution, and is definitely going to implement it in the business-to-business sphere, allowing for a seamlessly easy way of transacting between companies and other institutions. The new solution offers four key differentiators — privacy, flexibility, scalability, and, last but not least, the reach of the company’s settlement network.