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Payment giant Mastercard, together with banks CITI and JPMorgan are testing a joint blockchain system for settlements – the project is at the proof-of-concept stage and is working with a simulation

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Payment giant Mastercard, along with banks CITI and JPMorgan **testing**a joint blockchain system for settlements — the project is in the proof-of-concept phase and is working with a simulation of dollar transactions.

The organizers hope that such a regulated system will help simplify and speed up the processing of international transfers, as well as prevent errors and fraud.

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Payment giant Mastercard along with banks CITI and JPMorgan | $uicideChain