Mastercard has built a secure and scalable blockchain solution that provides a safe, simple, and smart way for consumers, businesses, and banks to transact.
For the first time, Mastercard is offering the ability to send money over a blockchain rather than by swiping a credit card.
After developing its own version of the bitcoin technology over the past couple of years, Mastercard (MA, +0.21%) announced Friday that it is now opening up its blockchain to certain banks and merchants as an alternative—and potentially more efficient—method of paying for goods and services.