Mastercard and JPMorgan Chase collaborate to introduce B2B cross-border payments into blockchain

On November 21, payment giant Mastercard (MA) has connected its blockchain-based tokenized asset transfer system Multi-Token Network (MTN) with Kinexys, the recently renamed digital asset business of JPMorgan Chase (JPM). This collaboration aims to strengthen B2B cross-border payments, "providing higher transparency and faster settlement speed, and reducing time zone friction." 
Tokenized foreign exchange is an attractive subset of the trend of real-world assets based on blockchain. It has been firmly accepted by traditional finance because it provides a nearly real-time, always-online way to avoid cross-border gaps and pain points. The two companies stated in a joint statement that by integrating the connection between Mastercard's MTN and Kinexys' digital payments, mutual customers of MTN and Kinexys will be able to settle B2B transactions through a single API. (Coindesk)