Mastercard partners with JPMorgan to bring B2B cross-border payments to blockchain

According to CoinDesk, payment giant Mastercard (MA) has integrated its blockchain-based tokenized asset transfer system Multi-Token Network (MTN) with JPMorgan’s recently renamed digital asset business Kinexys (formerly known as Onyx).

This collaboration aims to enhance B2B cross-border payments, “providing greater transparency and faster settlement speeds while reducing time zone friction.”