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“# Bitcoin Network Transaction Volume Surpasses American Express: Research ” New research has found that the annual transaction volume on the Bitcoin network surpassed that of some well-known card networks, such as American Express (AmEx) and Discover, during 2021. The NYDIG Research Weekly’s Jan. 29 report stated that Bitcoin processed $3 trillion worth of payments…
“# Amex CEO hints at exploring ways to allow credit card holders to redeem points for crypto ” American Express credit card holders may one day be able to redeem points for cryptocurrencies, but the company has no immediate plans to issue a crypto-linked credit card. In a Tuesday interview with Yahoo! Finance, Amex chief…
“# Tribal Credit raises $40M in ‘hybrid’ debt round funded by dollars and stablecoins ” Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business services in Latin America. The so-called hybrid debt round was…
“# Binance to finalize acquisition of Swipe, paving for CEO exit ” Binance, the world’s largest cryptocurrency exchange, announced Thursday that it will acquire the remaining outstanding shares of Swipe, a prominent crypto Visa card provider. Users of Binance will be able to spend their coins at over 70 million locations worldwide as a result…
“#Consumers spending at ‘faster rate’ than ever: Bank of America CEO” The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter. In an interview this month with the…
“# Visa announces new crypto consulting service for merchants and banks ” Payments giants Visa is launching new consulting and advisory services in a move to help its clients navigate the world of cryptocurrencies. The firm said on Dec. 8 that its crypto advisory practice, housed within its consulting and analytics division, will offer advice…
“# BREAKING: Mastercard launches crypto-linked cards across Asia-Pacific ” Credit card giant Mastercard made a big splash in the digital asset market on Tuesday by announcing the launch of crypto-linked payment cards across the Asia-Pacific region. In partnership with three cryptocurrency service providers, namely Amber Group and Bitkub in Thailand and CoinJar in Australia, Mastercard…
“# Mastercard plans to allow US partners to offer crypto loyalty rewards ” Major credit card company Mastercard has announced it is preparing to integrate cryptocurrencies into its loyalty program offerings for U.S.-based banks, merchants, and fintech firms on its payment network. In an Oct. 25 announcement, Mastercard said it would be working with digital…
“# Bitcoin rewards triggered shopping frenzy for cardholders: BlockFi data ” Bitcoin (BTC) turned out to be a far more attractive prize than airline miles or other cashback rewards, new data from BlockFi suggests. It’s been three months since the New York-based crypto loans startup launched its Visa-backed Bitcoin rewards credit cards, BlockFi Rewards Visa…
“# Venmo enables users to automatically buy crypto with ‘cash back’ rewards ” Paypal-owned payments firm Venmo has launched a new crypto ‘cash back’ feature that includes zero transactions on crypto purchases. According to an Aug. 10 announcement, Venmo’s “Cash Back to Crypto” service went live yesterday and enables credit card customers to spend their…