Mastercard Expands Access to B2B Blockchain Payment Tools

Credit card giant Mastercard is pushing ahead with a set of blockchain payment tools first unveiled last year, opening them up to banks and merchants for wider use.

In a press release, the company announced today that it would first be working on business-to-business (B2B) transactions with the tech, as part of a bid to “address challenges of speed, transparency and costs in cross-border payments.”

Mastercard first revealed its blockchain work in October 2016, releasing systems aimed at smart contracts and payment settlement processes. At the time, blockchain lead Justin Pinkham said the company was looking for collaborators to work with the company’s platform…

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