A $50K Bitcoin Possible as MasterCard, BNY Mellon Announces Crypto Integration
Bitcoin edged higher on Thursday after traders realized MasterCard’s plans to integrate cryptocurrencies into its traditional payment services later this year. The credit card giant’s revelation came days after Tesla, a Fortune 500 carmaker, showed a $1.5 billion worth of Bitcoin in its balance sheets this Monday, further asserting that it would start accepting payments […]
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"Bitcoin is loving the BNY Mellon news. It's a very big deal," trader and analyst Alex Kruger tweeted.
Mastercard, the leading credit card conglomerate, will allow its users to utilize some cryptocurrencies on its payment network, becoming the latest to adopt crypto. The price of Bitcoin moved rapidly after the Mastercard and BNY Mellon news broke, refueling momentum in the market. Raj Dhamodharan, executive vice president of digital asset and blockchain products and […]
The custodian of more than $41 trillion in assets plans to hold, issue and transfer bitcoin on behalf of clients. The post $41 Trillion Global Custodian BNY Mellon Announces Bitcoin Strategy appeared first on Bitcoin Magazine.
Per a report by CNBC, payment giant Mastercard will double down on its crypto future. The company announced a partnership with Bakkt, a financial services company, in an attempt to increase its crypto capacities. Related Reading | Payments Giant Mastercard Buys CipherTrace To “Enhance Crypto Capabilities” The integration will allow Mastercard’s users, banks, or merchants, to […]
In the wake of Tesla’s big announcement on Monday, a wave of corporate engagement with crypto emerges.