MasterCard the Latest Company to Rally against Bitcoin
MasterCard has become the latest company to fall foul of the bitcoin community, as reports that the credit card payments processing giant used a submission to the Senate enquiry to put forward the point that Australian regulators should move against digital currency adoption. With seeing Western Union trip over in the last few days - a trip that has riled the digital community as a whole, and it looks as though MasterCard is set for a similar fate over the coming few days. Here are a few select snippets from the submission, which you can read here if you want to find out more. Any....
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Payments giant Mastercard has introduced a new program called Crypto Source to enable financial institutions to offer crypto trading and other related services to their customers. Mastercard has partnered with Paxos Trust Company to support this program. A Mastercard executive says that crypto is on the “cusp of really going mainstream.” Mastercard to Help Banks Offer Crypto Services Mastercard introduced a new program called Crypto Source Monday that will bring “crypto trading capabilities to banks.” In partnership with regulated and licensed crypto custody....
MasterCard has contacted CoinDesk to reiterate that it does not have a relationship with Xapo, and that it had no knowledge of the company's planned product launch. The company added: "MasterCard does not have a relationship with Xapo. There is no card program currently available." UPDATE (25th April 02:30 BST): Xapo CEO Wences Casares spoke to CoinDesk to clarify the situation, stating that the company is currently working with an undisclosed bank to launch the open-loop debit card product, but it has yet to select a credit card network with which to power the offering. However, it was....
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....
Mastercard, the American multinational financial services corporation, announced the company is dipping further into the digital asset ecosystem by acquiring the blockchain intelligence firm Ciphertrace. The partnership announcement says the firm will help bolster Ciphertrace’s and Mastercard’s cyber security solutions.
Mastercard Purchased Ciphertrace for Undisclosed Sum
On Thursday, the financial payments giant Mastercard (NYSE: MA) has revealed the company has acquired the blockchain surveillance firm Ciphertrace. The blockchain company is a Menlo Park,....
Payments giant Mastercard has partnered with cryptocurrency exchange Coinbase to make non-fungible tokens (NFTs) more accessible to everyone. Mastercards can be used to make purchases on Coinbase’s upcoming NFT marketplace.
Mastercard Partners With Coinbase
Payments giant Mastercard and cryptocurrency exchange Coinbase independently announced their partnership Tuesday. Mastercard stated that the company is “Making it easier for everyone to buy NFTs,” elaborating:
We’re excited to announce today that we’re partnering with Coinbase to let....