Mastercard plans to launch a beta version of its MultiToken Network (MTN) blockchain app store this summer. The company aims to attract developers to build on its permissioned blockchain, which is built on Ethereum, by offering access to MTN's capabilities. The first round of apps on MTN will be powered by tokenized bank deposits, and the platform will also utilize Mastercard's transaction verification tool, Crypto Credential, to ensure safe transfers of tokens and assets.
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Mastercard to Launch Blockchain App Store in Beta
Mastercard plans to launch a beta version of its MultiToken Network (MTN) blockchain app store this summer. The company aims to attract developers to build on its permissioned blockchain, which is built on Ethereum, by offering access to MTN's capabilities. The first round of apps on MTN will be powered by tokenized bank deposits, and the platform will also utilize Mastercard's transaction verification tool, Crypto Credential, to ensure safe transfers of tokens and assets.