Mastercard

The world’s largest crypto exchange has teamed up with Mastercard, the second-largest global payment processor, to bring a prepaid crypto card to Brazil.  The card will enable Brazillian Binance users to pay bills and make purchases using cryptocurrencies including Bitcoin and BNB. Per Binance’s announcement on Monday, the card can be used with over 90 million Mastercard merchants worldwide, as well as online. Though still in its beta-launch phase, it will soon become widely available. The card works by converting…

Global payments network Mastercard has revealed its latest innovative Web3 venture. Via the new “Artist Accelerator” feature, Mastercard hopes to usher in five burgeoning musicians into the Web3 experience as well as stardom.  Mastercard Program to Teach Web3 Branding Dubbed the Mastercard Artist Accelerator, the initiative is set to leverage Web3 and blockchain solutions to empower rising artists. The Mastercard program will feature a unique training module that prepares artists to utilize Web3 in creating their brands. Not only that,…

Binance has joined forces with payments network MasterCard to bring prepaid cards to Argentinian customers. Binance believes its new crypto card couldn’t have come at a better time in a country struggling with rising inflation. The major exchange shared the news on Thursday alongside other details of the forthcoming release.  The New Binance Card According to the Binance publication, the joint rollout will be called the Binance Card. New and existing Binance customers in Argentina will access it provided they…

In a recent press release, leading payments network Mastercard disclosed plans to bring its services into the NFT industry. The company is joining forces with a string of NFT marketplaces to introduce “simple and secure” NFT commerce.  Buying NFTs Without Getting Crypto Mastercard's new partners include The Sandbox, Mintable, Nifty Gateway, Candy Digital, and other platforms. Together, they will provide Mastercard holders with the option to acquire non-fungible tokens using their credit or debit cards. Prospective buyers from Mastercard's 2.9B…

Working with Mastercard, Australia-based crypto exchange BTC Markets is providing its users with a new range of payment options. Creating a Crypto Ecosystem Post-partnership, the crypto platform will enable customers to purchase their digital assets using direct debit, prepaid, or credit cards. In the past, the exchange only supported payment via bank transfer. However, as CEO Catherine Bowler pointed out, the crypto industry is always evolving, and staying on top of developments is essential. Bowler noted that crypto users are…

In recent years, cryptocurrency has become highly popular. Also, thanks to innovative and secure blockchain technology, crypto payments have become a standard payment method worldwide. Now, things are looking to get even more convenient for people using cryptocurrency. MasterCard recently signed an agreement with several cryptocurrency services providers. Among them are Amber, BitKub, and Coinjar. And, their mission is to develop the first-ever crypto-linked MasterCard payment tools in the Asia Pacific region. Above all, these cards will allow customers living…

Recently, Mastercard closed a deal to acquire crypto intelligence startup CipherTrace. The platform plans to focus on detecting fraud, driving innovation, and expanding its crypto strategy. The acquisition will go through by the end of the year, but they are yet to disclose any terms. Meanwhile, its shares were up 0.6% after the announcement. Mastercard Can Benefit from Cipher's Data Analytics Launched in 2015, CipherTrace has its headquarters in Silicon Valley. It gathers information for more than 900 cryptocurrencies. This…

Mastercard has collaborated with local payment service provider Island Pay to roll out prepaid cards for the Bahamians central bank digital currency (CBDC), named the Bahamians Sand Dollar. Under the initiative, Bahama citizens will have the option to convert the digital currency to the traditional Bahamians dollar easily, and vice versa, Mastercard said in an announcement today. The service will provide greater flexibility for Bahamians to conveniently pay for goods and services anywhere Mastercard is accepted, the announcement stated. Notably,…

American investment bank Morgan Stanley could be the next major financial institution to bet on bitcoin and cryptocurrencies. The investment bank is exploring adding bitcoins to its portfolio.   Investment Group Mulling Crypto Adoption American news outlet Bloomberg on Saturday revealed this latest development. According to the report, Counterpoint Global, a branch of the Morgan Stanley investment group, explores whether cryptocurrency would be a good option for its investors.  It further says that the group is currently in the consultation phase.…