Mastercard Develops Blockchain-Based Payment Network
	•	Overview: Mastercard is building a blockchain-based network to facilitate digital asset transactions among consumers, merchants, and financial institutions. The initiative, dubbed the Multi-Token Network, aims to create a compliant framework and seamless consumer experience similar to Venmo and Zelle. Mastercard is collaborating with banks like JPMorgan and Standard Chartered to explore use cases, including cross-border payments and tokenizing deposits.  ￼
	•	Why it’s important: This development signifies a major financial institution’s commitment to integrating blockchain technology into mainstream payment systems, potentially enhancing the efficiency and security of digital transactions. ￼
	•	Potential impact: Mastercard’s involvement could accelerate the adoption of blockchain-based payments, fostering greater trust and innovation in the digital asset ecosystem.