In the wake of the crypto industry meltdown, the two largest credit card giants, Visa and Mastercard, plan to pause new partnerships with cryptocurrency firms. This action from the multinational payments service company comes after the crypto exchange FTX and cryptocurrency lender BlockFi filed for bankruptcy, which sent shockwaves to
The largest cryptocurrency “Bitcoin (BTC) overtook Visa” to rank as the eleventh-largest asset by market capitalization. The price of BTC has increased by over 48% since the start of 2023. At the time of writing, Bitcoin traded at $24,486 with a market capitalization of $472 billion, slightly more than the
Visa, a leader in digital payments, has announced a collaboration with the cryptocurrency payments app Wirex, allowing the latter to issue cryptocurrency debit cards to customers in more than 40 countries. Today, the two corporations issued a statement formalizing their relationship, marking the beginning of a long-term, worldwide alliance between
The credit card giant Visa aims to integrate Ethereum blockchain-powered solutions into its services. According to the firm, they have been experimenting with “how to accept payments from issuers in USDC on Ethereum and payout in USDC”. Additionally, there are large settlement payments. The President of the cryptocurrency division at
At the StarkWare Sessions 2023, Visa’s head of crypto business Cuy Sheffield said that the corporation aims to create a “muscle memory” to settlements by enabling clients to convert digital assets to fiat currency on its platform. In a fireside discussion during the conference, Sheffield said: “We’ve been testing how
The world’s largest centralized cryptocurrency exchange Binance, experiencing massive use in its debit and credit card program. In addition, last week, Binance announced Apple Pay, Google Pay, and their credit/debit card integration to UK and EEA users. Meanwhile, in the aftermath of prominent crypto exchange FTX’s demise, Visa declared on
USPTO-licensed trademark attorney Mike Kondoudis revealed details. Trademark applications 97643605 and 97643607 were submitted on October 22. Visa has filed two trademark applications in an effort to develop a crypto and NFT services platform and signal its intent to completely immerse itself in the cryptocurrency and NFT market. Both the
Blockchain.com partners with Visa and introduces a crypto debit card. The users will be able to pay with cryptocurrency or fiat balances with the Visa debit card. Blockchain.com, the leading cryptocurrency trading platform to launch a Visa debit card. According to the recent announcement from the exchange, it has partnered
As the entire market is witnessing a bearish scale at present, some financial giants are initiating challenging tasks in the crypto industry. Witnessing, digital currencies becoming the future, the payment giant – Visa is building a bridge into crypto space. Further the active engagement of the users in crypto made
The largest payment network, VISA officially launches Bitcoinblack, a global crypto credit card in The United Arab Emirates. According to a press release issued on Sunday, the Bitcoinblack card provides a limitless spending offer to eligible customers. The crypto card is exclusively available for 10,000 members, across the globe. Unlimited Offers
