MasterCard has jumped on the P2P movement with itsnew service MasterCard Send While MasterCard has not gone into a lot of detail regarding the technical aspects of the service we do know that it isbuilt on a P2Pbased system as part of the Federal Reserves initiative to speed up the money transfer system which still relies on the40 year old Automated Clearing House ACH method With the ACH transactions are bunched in predetermined intervals ACH transactions are slow taking 25 days to clear and are not ideal for the current financial world Luckily Bitcoin offers near instant payments at incredibly small transaction fees MasterCard Send is not based on the Bitcoin protocol but it does use P2P technology to allow the facilitation of fast transactions