Can’t beat ‘em? Join ‘em: Mastercard and Visa make a case for Bitcoin
Mastercard is set to open the shop doors to crypto as a means of payment in 2021, but it will likely be a challenge for the firm. On Feb. 10, Mastercard announced that it would start supporting a select few cryptocurrencies on its payment network. According to the payments giant, the inclusion of cryptocurrencies will allow customers to “save, store and send money in new ways” while opening up new opportunities for merchants as well. The announcement followed a presentation on Jan. 30 in which Visa reaffirmed its plans to continue to push for cryptocurrency payments and on-ramps, showing....
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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....
Today, at 17:49 BTC-e time, BTC-e released this update on their site. This was the first update in nearly a month, the last update being a statement regarding Mt. Gox. Withdrawal of funds on the cards VISA / MasterCard issued in any country and in any currency. Dear our valuable clients! We are pleased to announce that for your convenience, we have implemented a new payout system that allows you to send your funds to any cards VISA / MasterCard issued in any country and in any currency. Fee - 5%. Transfer of funds is possible only in U. S. dollars . If your card is not in USD, the money....
The exchange is making it simpler to pay for cryptocurrency with Visa and Mastercard with a direct service through a regulated subsidiary.
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....
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,....