On June 29, it was reported that the payments giant was planning to launch a “Multi Token Network” in beta in the UK over the next few months. Mastercard executive vice president and head of crypto and blockchain, Raj Dhamodharan, described it as an “app store powered by blockchain technologies for building regulated financial applications.” The Mastercard’s MTN will give developers access to tools the credit card company has been developing this year. These include a private version of the Ethereum blockchain on which the firm will encourage developers to build new applications, the report noted.
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