Mastercard and Binance end crypto card partnership in Latin America: Report
Visa also reportedly stopped issuing new co-branded cryptocurrency cards with Binance in Europe as of July.This post was originally published on this site
Wirex may suffer card outage in EEA due to UAB PayrNet licensing issue
Wirex cards may stop working in the European Economic Area, but funds held in the account are safe, the company said.This post was originally published on this site
FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both banks’ deposits were made whole under the “systemic risk exception” approved by the U.S. Federal Reserve and […]
Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’
According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several cryptocurrency ventures that offered crypto debit cards and failed due to financial difficulties last year. After the report published, […]
Bit2Me and Mastercard launch debit card with crypto cashback
The new debit card builds on technology already in place in the existing Bit2Me crypto card, but this time, card holders are eligible for up to 9% crypto cashback. This post was originally published on this site
Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO
Visa began working on a blockchain interoperability project in September 2021 to support CBDC and stablecoin adoption but few updates have been made since. This post was originally published on this site
Mastercard taps Paxos to launch crypto trading for banks
Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services.This post was originally published on this site