October 30, 2019
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Mastercard, a company that once warned that the risks of digital currency outweigh the benefits, has released two new blockchain APIs to promote collaboration and innovation in the digital exchange of value. Through its Mastercard Labs arm, Mastercard has indicated the API release is just the start.
The API economy continues to grow but one impediment to this growth is the friction involved when trying to pay for API access. Smoothing this friction may require a change in the handling of API monetization, something the open-source API Network looks to solve through the use of cryptocurrency.