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Crypto cards now rival banks for everyday purchases in Europe, with nearly half of transactions under $12 and online spending far above the eurozone average. Crypto cards are beating traditional banks in Europe when it comes to small purchases, with 45% of crypto-linked card transactions under 10 euros ($11.7) — a category where cash has…
” Bybit introduces Mastercard-powered debit card days after halting USD transfers “ Bybit is set to launch a new debit card offering that will allow users to make payments and withdraw cash using cryptocurrency holdings. The Bybit Card will operate on the Mastercard network and will allow for fiat-based transactions by debiting cryptocurrency balances when…
” How to buy food with Bitcoin? “ Bitcoin (BTC) is a dynamic monetary asset with the potential of being both — a commodity and a currency. For instance, the Securities and Exchange Commission (SEC) classified BTC as a commodity, whereas El Salvador made Bitcoin a legal tender in 2021. So, does this make BTC…
” ECB exclusive: Crypto payments ‘not currently cost effective,’ Amex exec says “ Gonzalo Pérez del Arco, the director of government affairs in South Europe for card payment giant American Express, believes that making payments with crypto is not cost-effective at present. Pérez’s comments came during an exclusive chat with Cointelegraph editor Aaron Wood at European…
“# We have to be in the crypto space, Mastercard CEO says ” Traditional card networks are vying to ensure their services remain at the center of new developments in digital assets, whether they be central bank digital currencies or private sector stablecoins. In an earnings call on July 29, Mastercard CEO Michael Miebach discussed recent…
“# Crypto frenzy may be winding down, Visa CFO says ” This year has seen unprecedented growth in the crypto markets, with lucrative knock-on effects for third parties like Visa. This, however, may already be beginning to dwindle, according to the company’s senior executives. The payments giant’s newly-released financial results for fiscal Q3 2021 show bullish…
“# Ukrainian e-bank plans to offer Bitcoin trading in July ” As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading. Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, Monobank co-founder Oleg Gorokhovsky announced Monday….
“# Coinbase debuts crypto rebate for online shopping via Apple Pay and Google Pay ” Online shoppers who pay with their Coinbase Card on Apple Pay and Google Pay will begin enjoying crypto rebates. In an announcement on the Coinbase blog issued on Tuesday, the exchange service revealed that starting in June, some whitelisted customers…
“# 3 reasons why StormX (STMX) price has rallied 2,800% in 2021 ” Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services. Several cryptocurrency companies like BlockFi and Coinbase have revealed future plans to offer cryptocurrency-backed debit and credit cards…
“# Crypto.com becomes a principal member of the Visa network ” Crypto.com is now the latest cryptocurrency exchange and payment service to join the Visa network. According to a press statement issued on Wednesday, Crypto.com has inked a global partnership with the credit/debit card payment giant which includes becoming a principal member of Visa’s network…