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The world’s giant financial and payment card firms Visa Inc. and MasterCard are trying to form a specialized team of digital asset experts or invest in venture firms, particularly in creating their private wallets. Mastercard Incorporated is seeking for professional blockchain engineers plus many other executives in the employment unit of its official website.

Mastercard Incorporated, the United States based cosmopolitan financial services company with its headquarters in New York, is hunting for around 28 cryptocurrency and blockchain professionals in order to help strengthen its team within the distributed ledger technology (DLT) field. They are ready to hire a wide range of blockchain experts including many senior roles, as the corporation are proposing to be intense on creating digital asset and wallet products. Mastercard deals in services such as offering credit, prepaid and debit card payment services to its massive clients in over 26,000 financial institutions globally.

There is a common misconception among foreigners to the crypto ecosystem that the criminals use blockchain technology because of the privacy feature it grants them. Though this seems not completely right. Several public blockchain technologies are highly fictitious and imaginary and anyone could with ease see another person’s transaction chronicle on the distribution ledger technology (DLT).

Back in 2017, cryptocurrency cards were all the rage. Touted as a solution for the limited cryptocurrency market, they promised a new age of crypto — we just had to wait for it. Well, it’s summer of 2018 now, and we are still waiting. Something has clearly gone wrong.

MasterCard, the world’s payments colossal, is planning to patent a way to add a new node to a blockchain network quickly, according to new filings revealed recently.

The EXMO international cryptocurrency exchange has integrated a new payment instrument - Visa/MasterCard for instant depositing on the user’s EXMO account in fiat currencies without verification.

MasterCard is to open access to its insider blockchain via an API to allow for a seamless way to transact.

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MasterCard has filed 4 new patent applications focused on payments and transactions based on Blockchain technology with the US Patent and Trademark Office.