Mastercard, R3 to Develop Blockchain Cross-Border Payments Platform
The card giant is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3.
Blockchain solutions based on R3's tech will make it easier for users to verify their identities and claim lost pension funds, the firm says.
Central bank digital currencies have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains.
Tim Grant, formerly the CEO of ConsenSys-backed DrumG Technologies, is to become head of business at SDX.
ING, the Dutch megabank, has come up with a privacy fix for R3's Corda blockchain.
U.K.-based Archax has inked a deal to use R3's Corda Enterprise to handle post-trade processes for its digital securities exchange.