Mastercard blockchain payment

Mastercard is opening up its blockchain API to select partner banks and merchants. For those approved for sign-up, Mastercard boasts that its tech will improve "cross-border, B2B payment flows". There are tons of blockchains out there, and Mastercard isn't the first enterprise actor to work on a B2B distributed payment system. Its competitor, Visa, is also working on blockchain tech.

On Monday, IBM also announced some folks were processing payments using its blockchain system. Mastercard mastercard blockchain payment its blockchain API in The new announcement potentially extends its reach.

Garrick Hileman, a research fellow at Cambridge University who studies distributed ledger systems, told The Register: He said it's a good sign that business-focused firms have rolled out their own versions because it shows that "they believe there's something here".

He added that the announcement was significant "because it's Mastercard", but noted "some of the details were pretty scant. He wondered who had signed up, what markets and sectors Mastercard mastercard blockchain payment targeting, what payment types were possible, and whether there was a limit on the number of sign-ups.

A spokesperson for Mastercard told The Register: Other applications would include "provenance and authentication" to track goods as they're made, and sold off.

The spokesperson declined to disclose the number of banks or merchants that have signed up or their names. Regarding limits, they said: The Register - Independent news and views for the tech community. Part of Situation Publishing. Join our daily or weekly newsletters, subscribe to a mastercard blockchain payment section or set News alerts. The Register uses cookies. OG upstart Pure Storage shows off fresh models.

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Mastercard is opening up its blockchain API to select partner banks and merchants. For those approved for sign-up, Mastercard boasts that its tech will improve "cross-border, B2B payment flows".

There are tons of blockchains out there, and Mastercard blockchain payment isn't the first mastercard blockchain payment actor to work on a B2B distributed payment system. Its competitor, Visa, is also working on blockchain tech.

On Monday, IBM also announced some folks were processing payments using its blockchain system. Mastercard announced its mastercard blockchain payment API in The new announcement potentially extends its reach. Garrick Hileman, mastercard blockchain payment research fellow at Cambridge University who studies distributed ledger systems, told The Mastercard blockchain payment He said it's a good sign that business-focused firms have rolled out their own versions because it shows that "they believe there's something here".

He added that the announcement was significant "because it's Mastercard", but noted "some of the details were pretty scant. He wondered who had signed up, what markets and sectors Mastercard was targeting, what payment types were possible, and whether there was a limit on the number of sign-ups.

Mastercard blockchain payment spokesperson for Mastercard told The Register: Other applications would include "provenance and authentication" to track goods as they're made, and sold off. The spokesperson declined to disclose the number of banks or merchants that have signed up or their names. Regarding limits, they said: The Register - Independent news and views for the tech community. Part of Situation Publishing. Join our daily or weekly newsletters, subscribe to a specific section or set News alerts.

The Register uses cookies. And you know who's going to be there? Yep, big daddy Micron. Source code forcibly ejected into public. Nation state cyber attack is an mastercard blockchain payment of war Big bimmer bummer: VM-container chimera Kata Containers emerges from lab OpenStack makes Zuul continuous delivery tool its second indie project No root for you, or how to stop worrying and love AWS China Git push origin undo-my-last-disaster.

Servers crashed and burned. More mastercard blockchain payment BS mastercard blockchain payment Physics-defying space engine flunks out Astroboffins, get in here and explain Saturn's odd-shaped balls Through many dangers, toils and snares Artificial Intelligence Internet of Things Hold on. Let's force AI bots to identify themselves mastercard blockchain payment automatons, says Cali Uber jams Arizona robo-car project into reverse gear after deadly smash Intel's latest promise: You needn't go back to uni to use it.

Verity Stob Mastercard blockchain payment sausage sizzler 4. Michael Jackson's tilt was a criminally smooth trick Hitler 'is dead' declares French prof who gazed at dictator's nashers The harbingers of Doomwatch: Quist is quite the quasi-Quatermass. Opening up the API: Most read About to install the Windows 10 April Update?

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Like a Pixel without the pratfalls, or eye-watering price tag Boffins: Michael Jackson's tilt was a criminally smooth trick. More from The Register. Mastercard armours its contactless cards against relay attacks Rest of industry still sitting on its hands over 9-year-old threat. Belfies to get in your door?

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Low-code platform provides fast delivery, innovation and a great user experience. Sponsored links Get The Register's Headlines in your inbox daily mastercard blockchain payment quick signup! About us Who we are Under the hood Contact us Advertise with us. Sign up to our Newsletters Join our daily or weekly newsletters, subscribe to a specific section or set News alerts Subscribe.