Mastercard, R3 to Develop a Blockchain Cross-Border Payments Platform

Mastercard, R3 to Develop a Blockchain Cross-Border Payments Platform – CoinDesk

Payments giant Mastercard is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3. In an announcement on Wednesday, Mastercard said the two firms have inked a deal to “develop and pilot” the payments solution. It will initially be aimed at connecting faster payments schemes and banks backed by Mastercard’s clearing and settlement network.