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“# The Bahamas gets a card for its sand dollar national digital currency ” The Bahamas is moving to make its national digital currency more accessible by launching a prepaid card for the “sand dollar.” The Central Bank of The Bahamas has partnered with global payment giant Mastercard and local payment startup Island Pay to…
“# Institutional adoption underscores urgency of clear crypto rules, says Hester Pierce ” As institutions move into the cryptocurrency space, the need for clear rules regarding digital assets is critical, an official at the Securities and Exchange Commission said. SEC commissioner Hester Peirce believes that clear cryptocurrency rules are needed now more than ever due…
“# $50B wiped from Tesla after BTC buy — but MasterCard and Twitter surge ” Electric car manufacturer Tesla has seen more than $55 billion wiped from its market cap since announcing the purchase of $1.5 billion in Bitcoin four days ago — but Twitter and MasterCard have headed in the other direction. Since Tesla’s…
“#Mastercard will enable more merchants to take cryptocurrency” Mastercard said it will enable more merchants to accept cryptocurrency by opening up its payment network to certain digital coins this year. The credit-card giant became the latest major company to embrace cryptocurrency this week after Tesla announced it had purchased $1.5 billion in Bitcoin. Mastercard called…
“# MasterCard announces support for crypto on its network ” MasterCard has announced plans to support cryptocurrencies in 2021, paving the way for its nearly one billion users to spend digital assets at more than 30 million merchants. The firm believes this may open merchants up to new customers and build loyalty with existing customers…
“# Verge, XVG price get a helping hand as Visa and MasterCard cut off Pornhub ” Verge (XVG), the cryptocurrency now infamous for its links to the porn industry, is on the up again — thanks to a classic fiat money scandal. As adult entertainment giant Pornhub confirmed this week, payment providers Visa and MasterCard…
“#Visa and MasterCard block Pornhub payments over allegations of illegal content” Following a disturbing piece in the New York Times last week about Pornhub hosting unlawful content depicting rape and child sexual abuse, Visa and MasterCard have stopped allowing their cards to be used for payments on the site — meaning you currently can’t subscribe…
“# Google searches for Bitcoin are on the rise in Cuba ” Cuba is apparently seeing an influx of Bitcoin (BTC)-related activity as Bitcoin interest is on the rise in the country. According to data from Google Trends, Cuba now ranks second in terms of Bitcoin interest over the past 30 days. The island nation…
“# Bitcoin can’t help bank the unbanked claims Mastercard CEO ” Bitcoin cannot function as an inclusive currency for the unbanked due to its volatility, Mastercard CEO Ajay Banga said during Tuesday’s Fortune Global Forum conference. He also cited a lack of knowledge about who is behind the cryptocurrency as concerning. “I am not a…