Mastercard says its Multi-Token Network (MTN) will drive mainstream blockchain adoption
Mastercard’s chief digital officer, Jorn Lambert, has stated that the payment giant’s newly launched Multi-Token Network (MTN) has all it takes to unlock the intrinsic value of blockchain technology and accelerate mainstream adoption . Mastercard continues development While the market capitalization of the global crypto space still stands above the $1 trillion mark despite the turbulence it has experienced over the past 12 months, Mastercard, a leading payments processor, says the actual value of blockchain technology is yet to be unlocked. In a July 3 interview with PYMNTS, Jorn Lambert, Mastercard’s chief digital officer, argued that the revolutionary technology’s benefits may not go entirely mainstream “until there exists the ability actually to develop financially-regulated applications” powered by blockchain. You might also like: Ripple leveraged by Montenegro central bank for CBDC project While many financial institutions have tapped blockchain technology fo...