MasterCard Set To Launch Crypto-Linked Payment Cards In Asia Pacific

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…

Mastercard Acquires CipherTrace to Monitor Cryptocurrencies

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 And Island Pay To Launch First Central Bank Digital Currency Payment Card

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 Considering Offering Bitcoin To Investors

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.…

Bitcoin (BTC) Worth More Than JPMorgan Chase and Bank of America

Bitcoin (BTC) rapid rise in 2021 has been remarkable, with the leading coin hitting a new all-time high on Friday. According to the latest stats, Bitcoin is worth more than the two largest banks in America combined.  Bitcoin Market Cap Nears $900 billion. Bitcoin’s price has rebounded in the past few days after initially trading around the $42k mark on Monday. Buoyed by the news of institutional purchases of BTC, the price pumped to $48,000 on Thursday. A quiet push…

Mastercard To Integrate Crypto Payments This Year

The American multinational financial services provider, Mastercard, has recently revealed its plans to offer merchants the option of receiving payments in cryptocurrency.  The company announced that it would start supporting a few selected cryptocurrencies on its network later this year in an official blog post. However, the payment processing giant has not disclosed which cryptocurrencies it will be supporting or where it will support them. It mentioned that it would carefully evaluate the cryptocurrencies against its digital currencies principles before…

Japanese Messaging giants Line developing CBDC platform

Social messaging platform LINE is set to develop a blockchain platform for Central Banks Digital Currencies (CBDC). Korean paper Chosun reported on Monday that LINE is in discussion with several Asian banks regarding the new development. The blockchain platform would enable the Central bank to launch CBDCs in a safe and scalable environment. Central Banks would also be able to add customizable features on the platform using different economic parameters. LINE has been proactive in its use of blockchain technology.…

Why Payment Giants Like VISA and MasterCard Finally Embrace Cryptocurrencies

Since its early days, the cryptocurrency market has been looking towards national governments to facilitate global adoption. However, they may have been barking at the wrong tree all along. New state regulations for crypto use and blockchain implementation are necessary. But, their application is tediously slow. Global payment processors like Mastercard and Visa can accelerate the process. Their latest projects show that they are finally ready to embrace cryptocurrency. Why now? Well, that’s what we’re trying to find out today!…

WIREX to Receive Principal Membership with MasterCard Partners

Wirex announced a partnership with Mastercard taking place in record books as the first crypto native platform to receive principal membership from Mastercard, enabling them to issue payment cards to users. The trading platform expressed in their tweet the possibilities that this collaboration has opened doors to. It has been vigilant to facilitate mainstream adoption as the ultimate payment solution for users worldwide. They further mentioned it as a gateway to exploring new spaces in cryptocurrencies and Fintech. Overview of the…

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