Crypto holders in Europe will now be able to spend their crypto almost anywhere from the safety of their self-custodial wallets thanks to a new payment card from Mastercard. Mercuryo, a fintech platform for web3 firms, announced its collaboration with the payments provider on Thursday to launch “Spend” – a multi-chain crypto card and Mastercard...Read More
Mastercard has launched its Mastercard Crypto Credential, facilitating the first peer-to-peer (p2p) pilot transactions that simplify and secure blockchain transfers. The latest offering will enable users on the Bit2Me, Lirium, and Mercado Bitcoin exchanges to send and receive cryptocurrency using easy-to-remember aliases instead of cumbersome blockchain addresses. This new capability is designed to enhance transaction...Read More
Mastercard’s blockchain and digital assets lead for Asia-Pacific, Ashok Venkateswaran, has expressed skepticism about the wide adoption of central bank digital currencies (CBDCs). This comes as countries globally explore CBDCs, with only 11 having adopted them, 53 in advanced planning stages, and 46 researching the topic as of June, according to data from the Atlantic...Read More
On June 29, it was reported that the payments giant was planning to launch a “Multi Token Network” in beta in the UK over the next few months. Mastercard executive vice president and head of crypto and blockchain, Raj Dhamodharan, described it as an “app store powered by blockchain technologies for building regulated financial applications.”...Read More
US payment giant Mastercard has dispatched a new Web3 solution that seeks to bring more trust to blockchain transactions. Dubbed ‘Mastercard Crypto Credential,’ the offering will establish a set of common standards and infrastructure that will “help attest to trusted interactions among consumers and businesses using blockchain networks.” Mastercard Crypto Credential In a blog post...Read More
Visa’s crypto head dismissed an earlier report from Reuters about the company halting crypto-related launches as inaccurate. Instead, he said Visa will continue to partner with more cryptocurrency firms that can facilitate stablecoin payments, despite the ongoing bear market. Visa Exec Refutes Reuters Report In a tweet thread on Tuesday (Feb. 28, 2023), Cuy Sheffield,...Read More
The world’s largest cryptocurrency exchange – Binance – joined forces with the multinational financial services giant – Mastercard – to launch a prepaid card in Brazil. The partners previously rolled out such a feature in Argentina. As reported by Reuters today (January 30), the Binance card is still in beta testing and should be available to...Read More
The multinational financial services company Mastercard is all set to launch a program to help financial institutions offer cryptocurrency trading to their clients. The company plans to serve as a “bridge” between the crypto trading platform Paxos and banks to oversee regulatory compliance and security – two major areas that the banks have cited as...Read More
On August 4, Binance announced its partnership with Mastercard, a multinational financial services company known for its lineup of credit cards, to launch a prepaid cryptocurrency card in Argentina. As per an official statement, Argentina has become the first Latin American country to have a Binance prepaid card, which is expected to be “widely available...Read More
51% of Latin American consumers have conducted at least one transaction with crypto assets, and over 33% of them have used stablecoins for everyday purchases, according to the latest survey conducted by digital payment giant Mastercard. Entitled “New Payments Index 2022,” the study focuses on financial innovations such as cryptocurrencies, DeFi solutions, blockchain, and NFTs...Read More
Global payment technology company Mastercard is now enabling the purchase of non-fungible tokens (NFTs) using fiat. For the new project, Mastercard has partnered with Immutable X, a layer-2 network for Ethereum. The company will also be working with NFT-based online game The Sandbox, fintech firm MoonPay, and the NFT platforms Nifty Gateway, Candy Digital, Spring,...Read More
Contrary to the current downturn in the crypto market, Harold Bossé, Vice President and New Product Development and Innovation at MasterCard, is bullish on the prospects of the industry. He said mass adoption of digital assets and blockchain technology is imminent under certain conditions. Millions of People Already Using Digital Assets Bossé expressed these thoughts...Read More
The digital asset platform, which offers crypto-backed loans – Nexo – partnered with Mastercard and DiPocket to launch the first cryptocurrency card in Europe that enables customers to spend without selling their holdings. By collaborating with the payment providers, Nexo granted its users access to over 92 million merchant sites worldwide. Enter Nexo Card According...Read More
Visa, Mastercard, and PayPal joined the massive number of companies leaving Russia following Putin’s “special military operation” against Ukraine. As such, the question remains if Russians will turn to cryptocurrencies. Visa, Mastercard, and PayPal Leave Russia Ever since the war started between the two former Soviet states, the Western world has taken a different approach...Read More
Payment processing giant Mastercard is looking to dive deeper into the cryptocurrency industry. In line with this, the company plans to expand its consulting services with new practices focused on open banking, open data, crypto, and digital currencies, as well as Environment, Social & Governance (ESG). Navigating the Adoption of Digital Currencies According to the...Read More
Leading cryptocurrency exchange Coinbase has teamed up with payment processing giant Mastercard to simplify purchasing non-fungible tokens. According to an official blog post today, Coinbase is planning to make it easier for newcomers to join the booming NFT market by employing a similar strategy as it did with its cryptocurrency exchange. Despite the growth of...Read More
Consensys – a leading Ethereum Software company – recently launched ConsenSys Rollups in collaboration with payment giant Mastercard. The software solution will help provide scalability and privacy to Ethereum Virtual Machine (EVM) compatible blockchains. Enhancing Throughput and Privacy Consensys announced its new software in a company blog post on Thursday. It will reportedly provide “enterprise-grade...Read More
After outlining two new partners in its attempts to enhance cryptocurrency mass adoption, Bakkt’s stock prices went through the roof yesterday. This comes just a few weeks after ICE’s Bitcoin service arm became a publicly traded firm. CryptoPotato reported yesterday Bakkt’s collaboration with Mastercard. The latter plans to integrate digital assets into many of its...Read More
In another venture within the digital asset space, Mastercard is preparing to expand the cryptocurrency economy in a whole new way, according to a recent report. The payment services giant will soon announce the provision of crypto-integrated services to every bank and merchant on its network. Mastercard’s Big Crypto Plan As revealed by CNBC earlier...Read More
In another step towards cryptocurrency adoption, Mastercard now plans to acquire CipherTrace– a crypto and blockchain intelligence company aimed at providing anti-money laundering and fraud protection solutions to the digital asset space. How CipherTrace Helps Mastercard The acquisition will help Mastercard provide transparency to their clients regarding payment and investment across the cryptocurrency industry. This...Read More
CoinJar, a leading Australian cryptocurrency exchange, has recently partnered with the payment processing giant Mastercard to launch a new prepaid card to make digital asset services accessible to mainstream users. CoinJar Launches Crypto Card In an official blog post published on Tuesday, the exchange disclosed that the new CoinJar card will allow users to make...Read More
As cryptocurrency adoption enters a mainstream stage, traditional financial services platforms are trying to adapt to the changing financial ecosystem. To maintain their importance in this industry, payment processors like Mastercard and Visa intend to use their large client base and international reach to attract both government and private entities when they are testing their...Read More
Global payment giant Mastercard has introduced a new Start Path startup engagement program for cryptocurrency and blockchain companies, with the aim of improving innovation and increasing crypto adoption. Seven Crypto and Blockchain Companies Join Startup Program In a press release on Tuesday (July 27, 2021) Mastercard revealed that seven cryptocurrency and blockchain startups have joined...Read More
Cryptocurrencies have so far become more than just a passing fad. These assets represent the future of global finance and money, and they are on a significant rise that can’t possibly be denied. Since January, Bitcoin alone has risen by almost 100 percent. The asset has broken its previous all-time record high of $20,000, and...Read More
Mastercard’s recent move to enable crypto on its network is a significant update that will help further Bitcoin’s adoption and make it mainstream. However, following the purchase of Bitcoin by Tesla and MicroStrategy the obvious next step was to consider Bitcoin payments, however, a critical question is, are retail traders willing to spend their Bitcoin...Read More
Bitcoin has seen eye-popping returns over the years but it has largely failed as a transactional currency. | Source: Shutterstock.com Charlie Bilello highlights the performance of Mastercard and Visa in an attempt to shoot down bitcoin. In terms of returns, bitcoin has dramatically outperformed the two financial companies. When it comes to transaction volume, Visa...Read More
Having problems with payments around Christmas can be frustrating, especially for those who leave gift buying till the last minute. With calmer markets this holiday season, the crypto ecosystem has been operating relatively smoothly, with few exceptions. The fiat world, however, saw some glitches that affected card payments in particular. Also read: New Ukrainian Law...Read More
Mastercard revealed its participation in the Marco Polo blockchain project, a collaboration of R3 and TradeIX. The initiative provides a multi-asset class platform that offers broker-dealer services and multicurrency transactions, among other services. American financial services titan Mastercard announced they’ve partnered Marco Polo, a trade finance network on R3’s Corda blockchain platform. Together with more...Read More
Apple has now made its own Apple Card available for all consumers within the United States. Apple promises to keep user data very private and not compromise on security, especially with Apple Card partners MasterCard and Goldman Sachs. Apple has finally released its own credit card called the Apple Card. In partnership with American multinational...Read More
Experts from the payments industry believe that Apple Card launch can boost the company’s Apple Pay digital wallet system which can give tough competition to giants like Venmo, PayPal, and Square Cash. Earlier this week on Tuesday, August 20, tech giant Apple launched its Apple Card in the US market. Apple’s foray into the payments...Read More
