Mastercard is collaborating with JPMorgan’s Kinexys Digital Payments to enhance B2B cross-border payments using blockchain technology. This initiative integrates Mastercard's Multi-Token Network (MTN) with Kinexys, enabling faster settlements and increased transparency in transactions. The collaboration aims to reduce time zone discrepancies for mutual customers, allowing settlements through a single API. The series of advancements comes as part of Mastercard’s efforts to utilize tokenized assets, stablecoins, and central bank digital currencies. As Kinexys promises to introduce tokenized U.S. dollar and euro FX by early 2025, the partnership signifies a trend towards blockchain-based real-world assets which benefits traditional financial operations. Officials from both companies have expressed enthusiasm about the integration's potential to unlock new use cases in global commerce and enhance the overall transaction ecosystem.

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