Mastercard Develops 'Venmo for Crypto'
Mastercard is working on creating a large-scale blockchain network to facilitate digital asset transactions among consumers, merchants, and financial institutions. This initiative aims to integrate a compliant framework similar to Venmo for digital money transfers, involving partnerships with major banks like JPMorgan and Standard Chartered. The strategy includes launching over 100 crypto-focused card programs globally and developing the Multi-Token Network to ease the transition between fiat and cryptocurrencies
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