JUST IN: Global payments network Mastercard is piloting tokenized bank deposit applications with its new Multi-Token Network (MTN) testing ground. IanAllison123 reports
Mastercard is setting up a testbed, dubbed the Multi-Token Network , which will begin by exploring tokenized bank deposits, and which will be available in beta mode this summer in the U.K.
There have been a number of pilots and projects around the world involving different flavors of tokenized cash and associated applications, not to mention JPMorgan’s internal wholesale cash token,“What powers the global economy today is regulated money in the banks,” Dhamodharan said in an interview with CoinDesk.
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