{"id":100657,"date":"2024-11-22T19:28:21","date_gmt":"2024-11-22T23:28:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100657"},"modified":"2024-11-22T19:30:32","modified_gmt":"2024-11-22T23:30:32","slug":"mastercard-jpmorgan-integrate-payment-solutions","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/mastercard-jpmorgan-integrate-payment-solutions\/","title":{"rendered":"Mastercard, JPMorgan Integrate Blockchain Payment Solutions\u00a0"},"content":{"rendered":"\n

J.P. Morgan's Kinexys Digital Payments and Mastercard's Multi-Token Network have partnered to increase the effectiveness of cross-border business-to-business transactions<\/a>.\u00a0
<\/p>\n\n\n\n

\"Mastercard,
Mastercard, JPMorgan Integrate Blockchain Payment Solutions<\/figcaption><\/figure>\n\n\n\n

According to a Mastercard press release, this partnership improves the speed and transparency of international business payments by allowing mutual clients\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to use a single application programming interface for seamless settlement. <\/p>\n\n\n\n

Kinexys, J.P. Morgan's payment rail for real-time, multicurrency transactions, and Mastercard's blockchain-powered MTN platform are integrated. <\/p>\n\n\n\n

By leveraging blockchain technology, Kinexys enables direct, almost instantaneous transactions between business bank accounts. <\/p>\n\n\n\n

Delays, time zone differences, and a lack of transparency are some of the major issues with cross-border payments <\/a>that have long hampered international trade and are addressed by this alliance.\u00a0<\/p>\n\n\n\n

Mastercard's token network<\/h2>\n\n\n\n

MasterCard's token network (MTN) provides companies with the resources they need to create cutting-edge financial solutions. <\/p>\n\n\n\n

Businesses can save operating expenses, maximize liquidity<\/a>, and simplify payment procedures by integrating with Kinexys. <\/p>\n\n\n\n

The ability to settle payments around the clock, even on banking holidays, is a huge benefit for businesses that frequently perform foreign transactions. <\/p>\n\n\n\n

Executives emphasized the initiative's potential to revolutionize internet commerce. According to Kinexys Co-Head Naveen Mallela, the collaboration is a step toward fusing digital marketplaces with conventional bank payment rails. <\/p>\n\n\n\n

This collaboration is part of a larger trend in which financial institutions use blockchain technology<\/a> to update payment systems and provide businesses with quicker and more affordable alternatives.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

J.P. Morgan’s Kinexys Digital Payments and Mastercard’s Multi-Token Network have partnered to increase the effectiveness of cross-border business-to-business transactions.\u00a0 According to a Mastercard press release, this partnership improves the speed and transparency of international business payments by allowing mutual clients to use a single application programming interface for seamless settlement. Kinexys, J.P. Morgan’s payment rail […]<\/p>\n","protected":false},"author":43,"featured_media":100658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[351,1560,23009],"class_list":["post-100657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jpmorgan","tag-mastercard","tag-multi-token-network"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1732315427815.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100657"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/100658"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}