AI & blockchain convergence: Mastercard partners with SmartGPT for future of P2P payments
The strategic partnership between Mastercard and SmartGPT epitomises their unwavering commitment to propelling the evolution of P2P payments, thus setting the stage for pioneering payment systems that are bound to redefine the financial landscape.
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Highlights
- Mastercard has announced investment worth $15 million in SmartGPT
- This move aims to revolutionise and shape the future of P2P payments, making it more efficient, secure, and accessible for individuals and businesses alike
In a bold move signaling their commitment to the future of financial technology, Mastercard has announced a substantial $15 million investment in SmartGPT, a pioneering entity deeply rooted in the realms of artificial intelligence (AI) and blockchain technology. This strategic partnership aims to drive innovation in the development of a cutting-edge Peer-to-Peer (P2P) payment network.
M12 joins the momentum
This landmark collaboration with SmartGPT comes hand in hand with a parallel investment by Microsoft Ventures (M12), underscoring the growing perception of SmartGPT as a trailblazer in the world of advanced technology ventures. It reinforces the belief that SmartGPT is at the forefront of groundbreaking technology ventures, poised to disrupt traditional paradigms.
Shared vision for transformation
Both Mastercard and SmartGPT share a compelling vision for the future of P2P payments, with an emphasis on AI-driven solutions. Aleksandar Tisinovic, Director of Treasury at Mastercard, highlighted SmartGPT's technological prowess and the expertise of its team as instrumental in revolutionising P2P payment networks. He stated, "We believe that SmartGPT’s technology and team will make a significant contribution to our vision of revolutionising P2P payment networks."
SmartGPT's technological pedigree
SmartGPT's core strength lies in their proficiency in artificial intelligence and blockchain technology, notably their colossal Large-Scale Language Model (LLM), which has garnered significant recognition within the tech industry. These domains have become pivotal in shaping the future of financial transactions and digital payments.
Paving the way for innovation
Mastercard's $15 million investment represents more than just financial support; it signifies their unwavering commitment to fostering innovation in P2P payments. The collaboration between these industry leaders is poised to redefine how individuals and businesses engage in peer-to-peer financial transactions.
Optimism for the future
SmartGPT, in response to Mastercard's strategic investment, conveys their enthusiasm for this collaboration. They aim to explore uncharted territories where AI can play a pivotal role in shaping the future of payments. The alignment of their vision with Mastercard’s objectives forms the bedrock of this partnership.
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