Bitcoin Exchange CEX.IO Sees over $40 Million in VISA & Mastercard Deposits
European bitcoin exchange CEX.IO has announced a milestone of over $40 million in fiat currency deposits via payment cards. The figure underlines users’ preference of purchasing bitcoins with credit and payment cards over other conventional methods. London-based CEX.IO has announced that it has seen over $40 million in fiat currency deposits made toward its exchange for buying bitcoins from credit cards. In an emailed release to CCN, the European bitcoin exchange was among the earliest ones to add payment cards as a means to deposit funds. VISA and Mastercard payment cards are the most....
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Payments giants Visa and Mastercard say they are monitoring Binance’s regulatory compliance developments as more regulators come after the global crypto exchange for operating in their countries without authorization. Visa, Mastercard Monitoring Binance’s Regulatory Troubles Visa and Mastercard have not severed ties with cryptocurrency exchange Binance despite rising regulatory scrutiny. The two payments giants have not blocked Binance and cardholders can still use Visa and Mastercard to deposit funds into their accounts at the exchange. Visa told the Financial Times Friday....
The exchange is making it simpler to pay for cryptocurrency with Visa and Mastercard with a direct service through a regulated subsidiary.
Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine.
Russians Unable to Use Their Mastercard and Visa Cards on Binance
Starting on Wednesday, March 9, all transactions initiated with Mastercard and Visa cards issued in Russia will be unavailable on Binance. The world’s largest cryptocurrency exchange by trading volume explained this is due to the U.S. payment....
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 world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will be able to use their cards inside the country.
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....