Mastercard to Pilot Blockchain-Powered Food System with Topco’s Food City

Mastercard to Pilot Blockchain-Powered Food System with Topco’s Food City

In partnership with Envisible and Topco, the global payment giant Mastercard is ready to revolutionize our food systems by shining more light into a rather opaque industry with a new blockchain network. Deborah Barta, Mastercard’s senior vice president of innovation and startup engagement, commented about the new initiative: “The identity of things is becoming even more important as consumers raise demands for transparency. Our provenance solution leverages Mastercard’s established network capabilities, globally-scaled technology, and services,…

Read More

After PayPal’s Departure, Visa, MasterCard, eBay, Stripe left the Libra Association

After PayPal’s Departure, Visa, MasterCard, eBay, Stripe left the Libra Association

After PayPal, several Other members of the Libra Association including MasterCard, Visa, eBay, Stripe, and Mercado Pago, have also abandoned Facebook’s plans for creating the distributed, global cryptocurrency Libra. This serious blow from these payment processor giants came as the Libra crypto project attracted fierce criticism from global regulators and lawmakers, and made industry experts raise the question regarding the existence of the project. These withdrawals leave Libra with no major US payment processor which…

Read More

MasterCard Recruits Crypto Engineers and Analysts; Launches Crypto Card with Nexo

MasterCard Recruits Crypto Engineers and Analysts; Launches Crypto Card with Nexo

One of the world largest credit card companies, MasterCard, is looking to venture into the crypto world. A job ad on its website confirms that the global payment gateway may try its luck with cryptocurrency after all. The recent debate about where virtual coins fit in and how much disruption they may cause to the traditional financial world has attracted big ventures to the space. Besides Facebook, one of the largest social media platforms and…

Read More

IBM Holds the Most Blockchain Patents (108) in the US; Bank of America Second (52)

IBM Holds the Most Blockchain Patents (108) in the US; Bank of America Second (52)

Big tech and finance companies have been filing patent after patent that indicates the company’s bullishness on blockchain technology. And when it comes to blockchain innovation and patent filings, IBM is leading the pack. Nobody is unfamiliar with how big the tech giant IBM is betting on blockchain technology. IBM has recently launched its blockchain-based cross-border payment platform World Wire and signed six international banks to roll out their own stablecoins on its platform. IBM…

Read More

Research: In 10 Years Bitcoin to Surpass PayPal, Visa, MasterCard in Payment System Industry

Research: In 10 Years Bitcoin to Surpass PayPal, Visa, MasterCard in Payment System Industry

Bitcoin has long been compared with its mainstream competitors for transaction volume, speed, and cost. In terms of scalability, Bitcoin has famously lagged behind other big players in the payment processing market. However, in some aspects Bitcoin has already surpassed its competitors according to a recent research report put out by cryptocurrency analysis platform, DataLight. The report shows that Bitcoin outperforms the likes of Visa, Mastercard, and PayPal in the transaction volume category to become…

Read More

Top Blockchain Patent Applicants: Alibaba, IBM, MasterCard and Bank of America

Top Blockchain Patent Applicants: Alibaba, IBM, MasterCard and Bank of America

A new report, which ranks the top companies that have filed patents surrounding blockchain technology, is another a proof of the immense popularity of blockchain and what kind of unfathomable potential this technology holds. The report was compiled by iPR Daily – a media publication specializing in global intellectual property – which gathered all the relevant data available until August 10 from China, the United States, Europe, Japan, South Korea, and also from the International…

Read More