Mastercard More Open, Blockchain App Store Built!

<p>&nbsp;"Mastercard wants to launch this product, what does Visa want to do?"</p><p><br /></p><p>Financial payment giant Mastercard unwittingly plans to launch a beta version of its “Multi Token Network” in the coming months.</p><p><br /></p><p>According to Raj Dhamodharan, vice president and head of cryptocurrency and blockchain at Mastercard, the app store powered by Ethereum (ETH) based blockchain technology is aimed at building regulated financial applications.</p><p><br /></p><p>The Mastercard Technology Network or better known as MTN Mastercard will allow developers to access tools developed by the credit card company, where developers are encouraged to create innovative applications.</p><p><br /></p><p><br /></p><p>Pleased to note that Mastercard, which is making rapid strides in entering the crypto market, has reiterated that digital assets are a natural evolution for broader payment solutions.</p><p><br /></p><p>In addition to aiming to support the crypto market, Mastercard, which is working hard to expand its footprint in the world of digital assets, also aims to help various parties strengthen their confidence in the future.</p><p><br /></p><p>In context, Mastercard has implemented various initiatives for the crypto market, among which are non-fungible tokens (NFT), credit and debit cards linked to digital assets, crypto infrastructure and developer tools.</p><p><br /></p><p>Not only that, Mastercard also provides products such as Crypto Secure, Crypto Source, and Crypto Credential to increase transparency and trust in the crypto market while applications on its new app store can be written in Solidity, which is the ETH programming language.</p><p><br /></p><p>Over time, Mastercard plans to make MTN available to additional markets around the world.</p>