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Mastercard moves settlements to blockchain
As Bitcoin gradually recovers from a
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As Bitcoin gradually recovers from a low near $65,500 and Ethereum attempts to rebound from roughly $1,800, the payment network Mastercard has filed plans to transform aspects of global payments infrastructure. The company on Wednesday said it will offer issuers and acquirers additional settlement options, including intraday settlements, weekend and holiday processing, and blockchain-based settlements using regulated stablecoins. The new capabilities will operate alongside existing fiat processes and are intended to give financial institutions greater flexibility in managing liquidity. Initially, Mastercard will
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