Mastercard is partnering with Ondo Finance, a company that uses blockchain technology to represent real-world assets digitally. This collaboration will see Ondo join Mastercard’s Multi-Token Network (MTN), a blockchain designed to speed up transactions between businesses.
Blockchain: The Future of Business Payments?
Mastercard believes blockchain technology is key to revolutionizing business-to-business payments. Traditional banking systems can take days to settle transactions, but blockchain offers much faster, 24/7 processing.
Ondo’s Vision: A Borderless Financial World
Ian De Bode, Ondo’s chief strategy officer, explained that putting traditional assets like stocks and gold onto a blockchain allows for round-the-clock trading and integration with smart contracts. This bypasses the limitations of traditional financial systems, which are often slow and operate within isolated systems. He predicts we’ll soon see tokenized stocks and ETFs traded and used as collateral on the blockchain.
Current Price and Disclaimer
At the time of writing, ONDO is trading at $0.967, down 1.8% in the last 24 hours. Remember, this information is for general knowledge only and not financial advice. Always do your research before investing in any cryptocurrency or digital asset.
