Investorideas.com - Mastercard (NYSE: $MA) Opens-Up Access to #Blockchain API for Partner Banks and Merchants

Investorideas.com - Mastercard (NYSE: $MA) Opens-Up Access to #Blockchain API for Partner Banks and Merchants

Mastercard (NYSE: $MA) Opens-Up Access to #Blockchain API for Partner Banks and Merchants

Provides connections into other Mastercard APIs to create new digital commerce experiences; API to be featured at Money 20/20 Hackathon

NEW YORK - October 20, 2017 (Investorideas.com newswire) Today Mastercard (NYSE:MA) announced that it will be opening up access to its blockchain technology via its API published on Mastercard Developers. Mastercard's blockchain solution provides a new way for consumers, businesses and banks to transact and is key to the company's strategy to provide payment solutions that meet every need of financial institutions and their end-customers. The Mastercard blockchain API will be part of the Money 20/20 hackathon in Las Vegas next week.

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The company has tested and validated its blockchain and will initially implement the technology in the business-to-business (B2B) space to address challenges of speed, transparency and costs in cross-border payments. The Mastercard blockchain technology will complement the company's existing capabilities including virtual cards, Mastercard Send and Vocalink to support all types of cross-border, B2B payment flows - account-based, blockchain-based and card-based.



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