Take That, MasterCard! Canadians Can Pay MasterCard and VISA Credit Card Bills with Bitcoins
MasterCard may be trying to stomp out Bitcoin in places like Australia, but what they're not realizing is the fact that people want to use their Bitcoin to pay for everyday expenses, bills and utilities. Even still, rather than find a way to integrate Bitcoin technology into their business model, they're trying to find a way to get rid of it through regulation. Not only did the company use the Australian Senate investigation as a tool to express deep concern about the illegal use of bitcoins, they also released this video on the need for digital currencies. Also read: "For Everything Else,....
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One of the top exchanges in the cryptocurrency space, BTC-e, has announced today that they're allowing traders to withdraw funds to VISA or MasterCard-issued credit/debit cards. According to the exchange, the withdrawal method can be done "in any country and in any currency", but notes that all transactions take place in U. S. Dollars, meaning that if a cardholder's card does not go by USD, it will be converted as per the VISA/MasterCard (or bank) rate. While most users should not have any issues, BTC-e warns that MasterCard Maestro and VISA Electron cards are not supported by their payout....
The United States recently prohibited U. S. -registered companies from investing in Crimea or providing services to firms operating there. This prohibition went along with sanctions imposed as a result of Russia's annexation of the peninsula from Ukraine. The consequences for the people of Crimea and parts of Ukraine are now being exacerbated by Visa and Mastercard's suspension of regional bank card services. Also read: EuroPay, Mastercard, and Visa (EMV) Credit Cards Force Needed Security Upgrade with "Liability Shift". VISA and Mastercard Leave Crimea. Visa, in a recent statement, has....
Notoriously tight-lipped bitcoin exchange and CoinDesk Bitcoin Price Index member BTC-e is now allowing customers to withdraw funds to Visa and MasterCard debit and credit cards, with some exceptions. The company blog post, issued on 21st March, indicated that the new program is now available to customers in any country, using any currency. All customers will pay a 5% fee for the service. The new functionality is noteworthy as it will allow customers to send money to debit and credit cards issued by two of the largest and most commonly used international card issuers. At present, the....
Visa isn't the only credit card issuer moving fast on blockchain. But while Visa is going it alone in releasing a B2B blockchain, MasterCard it seems is quietly developing a set of new blockchain APIs with more collaborative goals. The credit card giant’s development site now features three APIs connected to its internal blockchain work, including offerings focused on smart contracts and payment settlement. The APIs were released by MasterCard Labs, its innovation outfit. MasterCard blockchain lead Justin Pinkham said the company released its API platform last month in a bid to stoke....
Users of the popular bitcoin tipping service ChangeTip can now top up their accounts via purchases with Visa and MasterCard credit cards. With the addition of the new payment option, ChangeTip users can add to their tipping wallet via credit card, bitcoin or a direct ACH transaction. Purchases can be made with any card running on the Visa or MasterCard network, however, American Express and Discover are not available. Additional bank fees apply for purchases. ChangeTip head of community Victoria van Eyk indicated that, while users could previously use credit cards to make bitcoin purchases....