Mastercard has expanded its support for cryptocurrency by partnering with Mercuryo, a European crypto payments infrastructure provider, to launch a euro-denominated crypto debit card. This new card allows users to spend cryptocurrencies like Bitcoin directly from their self-custodial wallets at over 100M merchants worldwide who accept Mastercard. Self-custodial wallets give
Kolo, a leading hybrid wallet, announced today the launch of its crypto card in Q3 2024. The card will allow users to directly spend their crypto assets at any Mastercard-accepting merchant worldwide, simplifying everyday crypto usage. Kolo users are encouraged to join the waitlist via the website or by using
Crypto Exchange Binance, has removed a restriction that had been in place for 10 months that prevented users from using Mastercard to buy cryptocurrencies. With this change, Mastercard holders may freely buy digital assets using their cards. In August 2023, Binance users were no longer able to utilize Mastercard. Binance
In order to test distributed ledger technology for financial settlements utilizing tokenization, Mastercard has partnered with major US banks including Citigroup, Visa, and JPMorgan. This collaboration between the payment processor and the banking titans is a test run in Regulated Settlement Network (RSN), a distributed ledger technology. Through RSN, it
The cryptocurrency effort of 1inch Network, an aggregator of decentralized exchanges (DEXs), includes the introduction of a Web3 crypto debit card. Baanx, a developer well-known for its crypto card technology, is collaborating on this initiative with the backing of Mastercard, a worldwide payments giant. The 1inch Card is a new
Prominent Ethereum-based crypto wallet MetaMask is reportedly working with Mastercard to test an all-on-chain payment card. The advertising materials state that this Baanx-issued payment card will be compatible with Mastercard’s extensive network. A possible partnership between MetaMask and Mastercard would unite two behemoths in the business world. With more than
Mastercard, a payments behemoth, is collaborating with Swoo Pay, a mobile payments service that focuses on developing countries, to provide loyalty benefits in crypto. Major payment networks such as Visa and Mastercard have long allowed users to earn digital currencies as a kind of incentive, similar to loyalty points. Not
Financial services giant Mastercard has announced a new cooperation with AI startup Feedzai. Mastercard said the association intends to increase its capacity to recognize and avoid fraud channeled via cryptocurrency exchanges. The report claims that Feedzai will soon be directly connected with Mastercard’s CipherTrace Armada platform, a banking tool that
Feedzai will leverage Mastercard’s Ciphertrace crypto intelligence solutions to reduce the risk of account-to-account fraud flowing into crypto exchanges SAN MATEO, Calif.–(BUSINESS WIRE)–Feedzai, a financial crime and risk management solution, and Mastercard – a global technology company in the payments industry – are combining technologies to increase crypto fraud protection
The head of Mastercard’s blockchain and digital assets for the APAC region told CNBC that CBDCs are unnecessary since consumers are already comfortable with fiat currency. Ashok Venkateshwaran, speaking on the fringes of the Singapore FinTech festival on Wednesday, said that adoption is the most challenging aspect of the industry.
