Lucas Mearian

About the Author Lucas Mearian


Mastercard launches its own blockchain payments network

Mastercard is launching its own blockchain network to enable partner banks and merchants to make cross-border payments faster and more securely.

The Mastercard blockchain service can be used to clear credit card transactions, eliminate administration tasks using smart contract rules and thus, speed transaction settlement.

“By combining Mastercard blockchain technology with our settlement network and associated network rules, we have created a solution that is safe, secure, auditable and easy to scale,” Ken Moore, executive vice president for Mastercard Labs said in a statement.

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iOS 11 uptake leaves iOS 10 – and Android 8 – in the dust

Apple released iOS 11 on Sept. 19 and within a week the latest version of iOS was already powering 30.21% iDevices. That’s still left it far behind the 63.47% running iOS 10.

But what a difference three weeks makes. 

Apple’s latest mobile OS update maintained its fast adoption curve and as of now – one month out – it has not only surpassed iOS 10, but left it in the dust.

According to business analytics service Mixpanel’s data, adoption of iOS 11 surpassed iOS 10 last Tuesday, Oct. 10. As of now, iOS 11 is in use on 53.83% of iPhones and iPads, compared to the 39.37% still on iOS 10.

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FinTech builds on blockchain for international mobile payments

IBM has partnered with a Polynesian payments system provider and an open-source FinTech payment network to implement a new international exchange based on a blockchain electronic ledger.

The new payment network uses IBM’s Blockchain Platform, a cloud service, to enable the electronic exchange of 12 different currencies across Pacific Islands as well as Australia, New Zealand and the United Kingdom.

KlickEx Group, a United Nations-funded, Pacific-region financial services company, and Stellar.org, a nonprofit organization that supports an open-source blockchain network for financial services, are backing the new cross-border payments service.

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