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” 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…
“# 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…
“# 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…
“# 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…
“# 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…
“# Altcoin roundup: Crypto credit cards could be the missing link to mass adoption ” Out of the many routes available to the mass adoption of cryptocurrencies, which includes decentralized finance (DeFi), layer-one protocols, nonfungible tokens and stablecoins, perhaps the simplest and most applicable path for the public at large is the ability to utilize…
“# 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…
“# 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…