Mastercard and JP Morgan have joined forces to enhance cross-border payments for their clients. This initiative combines Mastercard's multi-token network (MTN) with JP Morgan's Kinexys digital payments network. Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard, expressed enthusiasm for the partnership, highlighting the improved speed and settlement capabilities it offers. The collaboration aims to introduce new use cases by leveraging the strengths of both organizations. Mastercard's MTN supports tokenised bank deposits, stablecoins, and CBDCs, while JP Morgan's Kinexys facilitates tokenisation of real-world assets and enables cross-border payments. This move reflects a broader trend in the financial industry towards blockchain-based systems with multi-asset support, fast transactions, and robust compliance measures. Both companies are at the forefront of this shift, with Mastercard's MTN enabling real-time interbank settlement and JP Morgan's Kinexys processing billions in daily transactions. Read more AI-generated news on: https://app.chaingpt.org/news