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“# Swipe, IoTeX and CyberVein lead altcoins higher after Bitcoin hits $46K ” The cryptocurrency market has shown a new level of resilience on Aug. 9 as a majority of tokens have managed to maintain recent gains and Bitcoin price hit a new 3 month high at $46,293. Data from Cointelegraph Markets Pro and TradingView…
“# 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…
“# BlockFi starts shipping Visa-backed Bitcoin rewards credit cards ” New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today. The card is available to select approved customers on the United States waitlist. Officially named BlockFi Rewards Visa Signature Credit Card, the card was first announced at the end…
“# Institutional exchange launches crypto debit card ” Intercontinental Exchange subsidiary Bakkt has introduced a debit card allowing customers to use crypto for retail purchases. In a Tuesday announcement, Bakkt said it had launched a fully virtual Visa debit card for both online and in-store spending. Card holders can spend Bitcoin (BTC) from their Bakkt…
“#Lenders look to lure consumers with lax standards” Banks are loosening standards to qualify for credit cards and personal loans — and it’s not because they’re feeling generous. After tightening credit during the onset of the pandemic, a deluge of defaults that banks had been bracing for never materialized. Instead, consumers hunkered down at home…
“# Mastercard adds 6 blockchain payments startups to accelerator program ” Mastercard Start Path, an accelerator program for fintech startups, has welcomed six new companies innovating in the field of blockchain-based payments. Asante Financial Services, Cledara, Jifti, Moeda Seeds, SpendDebt and Tippy were selected for being “fintech innovators” in software-as-a-service and blockchain technology. “As the…
“# Got crypto? Here are 3 debit cards that let you spend your stack ” As blockchain technology and the public’s awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems. Despite its many applications, the original use case for Bitcoin…
“# Visa plans to allow partners to settle fiat transactions with crypto ” Major credit credit provider Visa is piloting a program that will allow its partners to use the Ethereum (ETH) blockchain to settle a transaction made in fiat. In a Monday announcement, Visa said it will be partnering with cryptocurrency exchange platform and…
“# 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…