MasterCard Announces Centralized ‘P2P’ PaymentsMasterCard has announced a “P2P” debit card-based remittance system which it says customers will find “more appealing” than the Bitcoin protocol.
MasterCard Send, currently in a pre-signup phase in the US only, is designed to allow transactions between “banked and unbanked consumers,” international and domestic payments at a near-instant speed rather than the several days required with the traditional bank clearing system.
Speaking to PYMNTS, Barb King, a group head in the MasterCard Payment Systems Integrity Group, called the new tool “a breakthrough platform in the industry.”
http://cointelegraph.com/news/114302/mastercard-announces-centralized-p2p-payments