Mastercard putting lobby pressure on Bitcoin
Julian Hattem at The Hill reported Tuesday that US federal lobbying disclosure reports show MasterCard is paying its lobbyists to focus on Bitcoin. Five lobbyists from Peck Madigan Jones were looking into “Bitcoin and mobile payments,” the quarterly report read. You can read the report here. This means MasterCard is officially the first company to lobby Captiol Hill for anything Bitcoin related. And MasterCard has a contentious past with cryptocurrencies. Wired reported last week that Xapo was about to release a Bitcoin debit card that would work on MasterCard networks, but Hattem reported....
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Card Payment Giants Visa and Mastercard Add to Pressure on Russia Over Ukraine War
Payment firms Visa and Mastercard are suspending operations in Russia as part of the international response to its decision to invade Ukraine. The U.S.-based financial services corporations revealed....
Payments giant Mastercard has announced that it is preparing to allow a number of cryptocurrencies to move through its network directly. Customers, merchants, and businesses will no longer need to convert cryptocurrencies into fiat currencies to transfer through the Mastercard network. Mastercard Prepares to Let Cryptocurrencies Move Through its Network Mastercard announced Wednesday that it will start “bringing crypto onto its network.” In a blog post on the company’s official website, Raj Dhamodharan, Executive Vice President of Digital Asset and Blockchain, explained....
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