Mastercard and JPMorgan Chase have partnered to introduce B2B cross-border payments into Blockchain

CoinVoice has learned that according to CoinDesk, payment giant Mastercard (MA) has integrated its blockchain-based tokenized asset transfer system Multi-Token Network (MTN) with Kinexys, the recently renamed digital asset business of JPMorgan (formerly known as Onyx). This collaboration aims to strengthen B2B cross-border payments, "providing greater transparency and faster settlement speed, and reducing timezone friction".

Tokenizationforex is an attractive subset of the blockchain-based real-world asset trend, which has been firmly embraced by TradFi as it offers a near-real-time, always-online way to address cross-border gaps and pain points, the two companies said in a joint statement. By integrating the connection between Mastercard MTN and Kinexys digital payments, the shared customers of MTN and Kinexys will be able to perform single API Settlement B2B transactions. [Original link]