Mastercard to Test Multi-Token Network
• Mastercard announced its Multi-Token Network (MTN) which is designed to make transactions within the digital asset and blockchain ecosystems secure, scalable, and interoperable.
• Beginning this summer, the beta version of MTN will be available in the UK and act as a testbed for developing live pilot applications and use cases with financial institutions, fintechs, and central banks.
• The first phase of the applications will be powered by tokenized bank deposits while Mastercard plans to make MTN available in additional markets around the world.
OKX Exceeds $3BN Trading Volume
OKX announced that its Liquid Marketplace , an on-demand liquidity network for institutional traders, exceeded $3 billion in trading volume. Nitro Spreads feature on the OKX Liquid Marketplace allows traders to make complex basis trades with one-click execution. Selected institutional clients who applied for early access can now use Nitro Spreadsm while wider access will be available to other institutional clients starting July 5th.
Binance Institutional Clients Remain Optimistic
Binance Research and Binance VIP & Institutional conducted an Institutional Crypto Outlook Survey which found that 88% of respondents expressed a positive sentiment on crypto assets for the next decade. The survey also showed that 63.5% of Binance VIP and Institutional users surveyed had a positive outlook on crypto assets over the next 12 months. These users believe more real-world use cases (26.9%) and improvements in regulatory clarity (25.3%) would drive adoption over higher prices (3.4%).
Typeface Offers AI Creation Platform
Typeface offers a generative AI creation platform for eCommerce tools such as product personalization or dynamic pricing services with no coding required from developers or designers by using data points like customer preferences or market conditions to automate decisions without human intervention.
This article provided news about recent developments in payments technology such as Mastercard’s Multi Token Network, OKX’s Liquid Marketplace surpassing $3 Billion in trading volume, Binance’s Institutional Clients remaining optimistic on crypto assets, and Typeface offering an AI creation platform for eCommerce tools with no coding required from developers or designers