IBM, Mastercard Join Digital Identity Project Building ‘Ecosystems of Trust’
Mastercard, IBM and the provincial government of British Columbia are among the founding members of the Trust over IP (ToIP) Foundation.
Payments giant Mastercard said its new testing platform will simulate the issuance, distribution and utility of digital currencies for central banks.
Mastercard said Wirex is the first crypto company to become a principal member, meaning it can directly issue payment cards to its customers.
Crypto IP "puts us in a good position" for central bank digital currencies, said Mastercard President Miebach.
The new debit card enables U.S. customers to spend their crypto holdings as fiat currency.
Enterprise blockchain isn’t dead, but survival has meant more collaboration and some smart pivots. A dispatch from this week’s Consensus: Distributed.