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Mastercard Develops Ethereum-Based Blockchain App Store for Financial Apps

Mastercard Launching Multi Token Network

Mastercard is planning to launch a “Multi Token Network” in the UK in beta. This network will serve as an app store powered by blockchain technologies for building regulated financial applications. It will give developers access to tools that Mastercard has been developing this year, including a private version of the Ethereum blockchain. Mastercard aims to support the wider digital asset industry and bring more transparency and trust to this space. The company plans to make the Multi Token Network available in additional markets around the world over time.

  • Mastercard is launching a “Multi Token Network” in the UK
  • The network will serve as an app store for building regulated financial applications
  • Developers will have access to tools and a private version of the Ethereum blockchain
  • Mastercard aims to support the digital asset industry and bring transparency to the space
  • The Multi Token Network will be made available in additional markets over time

Crypto Market Retreat

Crypto markets have started to retreat from Bitcoin’s resistance zone above $30K. The total market capitalization is down 1.4% at $1.20 trillion, and Bitcoin is trading just above $30K. Ethereum prices are also declining, and the top 50 altcoins are all in the red.

  • Crypto markets are retreating from Bitcoin’s resistance zone above $30K
  • Total market capitalization is down 1.4%
  • Bitcoin is trading just above $30K
  • Ethereum prices are declining
  • The top 50 altcoins are all in the red

Hot Take: Mastercard’s move to launch a Multi Token Network shows their commitment to the digital asset industry and their belief in the potential of blockchain technology. By providing developers with tools and access to a private version of the Ethereum blockchain, Mastercard aims to foster innovation and build regulated financial applications. This move also supports the wider adoption of digital assets and brings more transparency and trust to the space. However, the retreat in the crypto market suggests that there is still volatility and uncertainty in the market, highlighting the need for continued monitoring and caution when investing in cryptocurrencies.

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Mastercard Develops Ethereum-Based Blockchain App Store for Financial Apps