Crypto Exchange Huobi Adds Direct Visa, Mastercard Payments
The exchange is making it simpler to pay for cryptocurrency with Visa and Mastercard with a direct service through a regulated subsidiary.
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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....
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....
US-based bitcoin merchant processor BitPay is in direct competition with major credit card providers, and as such, the company expects these market players to one day begin using bitcoin. BitPay's CTO, Stephen Pair, recently discussed this stance with CNBC in a broadcast interview that centered on his company's place in the payments space. Pair said that the technology behind companies such Visa and MasterCard is antiquated, and that as a result, these financial giants will turn to digital currency, telling CNBC: "When we were first contemplating this business, we looked at what it would....
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....
Payments giant Mastercard is expanding its payments-focused consulting service to include cryptocurrency. It covers “a range of digital currency capabilities, from early-stage education, risk assessments, and bank-wide crypto and NFT strategy development to crypto cards and the design of crypto loyalty programs.” Mastercard’s Crypto Consulting Service Mastercard announced Tuesday the expansion of its payments-focused consulting service. Among the new practices is one dedicated to “crypto & digital currencies,” the company wrote. Noting that it is....