RE: LeoThread 2024-11-22 20:47

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1/6 Mastercard and J.P. Morgan have partnered to enhance B2B cross-border payments by integrating Mastercard's Multi-Token Network (MTN) with J.P. Morgan's Kinexys Digital Payments platform. This collaboration aims to streamline international transactions, offering faster and more transparent settlements.

#cryptoinsights #threadstorm #technology

leofinance
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2/6 The integration leverages blockchain technology to address common challenges in cross-border payments, such as delays and high costs. By providing a unified API, businesses can benefit from a more efficient and reliable payment infrastructure.

#blockchain #Business

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3/6 Mastercard's MTN, launched in June 2023, is a blockchain-based platform designed to facilitate secure and interoperable transactions within digital asset ecosystems. It offers API-enabled tools and standards that support innovative business models.

#payments #fintech

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4/6 J.P. Morgan's Kinexys Digital Payments serves as a next-generation payment rail, enabling real-time value transfers using commercial bank money. It integrates seamlessly with digital marketplaces and platforms, providing robust infrastructure for digital commerce.

#commerce #fintech #crypto

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5/6 Naveen Mallela, co-head of Kinexys by J.P. Morgan, emphasized the transformative role of this collaboration in digital global commerce, highlighting the enhanced value proposition through native integration with digital marketplaces.

#technology #innovation

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6/6 Raj Dhamodharan, Mastercard's Executive Vice President of Blockchain and Digital Assets, expressed enthusiasm about the partnership, noting that combining MTN with Kinexys Digital Payments unlocks greater speed and settlement capabilities for the entire value

#innovation #technology

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