Tech-Pic(k) _ Nov-2017

MasterCard, a leading global payments and technology company , now has been an active participant in the blockchain revolution. MasterCard has been developing its blockchain tools in order to improvise B2B transactions.  its Mastercard blockchain API  reveals the new commerce opportunities for the digital transfer.

Its Patent METHOD AND SYSTEM FOR INSTANTANEOUS PAYMENT USING RECORDED GUARANTEES on blockchain reveals that  “The present disclosure relates to the use of recorded guarantees for payment transactions for verification by acquiring institutions to facilitate instantaneous payment to a merchant involved in the payment transaction, specifically the use of a blockchain or other third party network for verification of a guarantee associated with the payment transaction”.