If you are a long-term cryptocurrency user, chances are that you are aware of the previous Visa-based digital currency cards that allowed holders to spend their crypto at POS card terminals, or to easily withdraw cash at any ATM. After a few years of activity, Visa decided to cancel all crypto-based cards. Now, recent reports indicate…
PayPal has announced that it will withdraw from the Libra Association, which is yet another blow to Facebook’s planned digital currency. Whereas it is no secret that politicians and financial regulators are highly skeptical of Libra, this move is the first indication of a rift among the platform’s partners. It also underscores the challenge legacy…
The world of finance is growing more and more automated, with major payments provider Mastercard and R3, a growing blockchain development company having made a joint announcement about their partnership through a press release on the 11th of September. They hope to put their forces together and create a pilot program that will improve connections for…
The digital market has transformed tremendously over the
years. Despite its unpredictable nature, individuals and corporations commensurably
continue to take a keen interest in the cryptocurrency world. This is witnessed
by the numerous periodic crypto merger deals being sealed. From increasing
profits and customer base to reducing competition and overhead expenses, mergers
have countless benefits. 2019 is particularly promising. Although…
Multiple tech investors, including Ripple and Barclays, have
generously spent $1.7 million to support SendFriend, which happens to be a
remittance startup. Over the months, we have seen an array of crypto-based
ventures in the remittance niche, but in the recent year, SendFriend is the
latest and very reasonably funded project. Ripple has always taken a stance to
facilitate…
Since the beginning of the year, crypto prices have largely been stable, leading many analysts to argue that a general recovery is underway. At a minimum, there is a consensus that fiat values will likely not drop further. Now, a new pattern appears to be emerging, as the top decentralized application (dApp) platforms are making…
In the race of fiat and crypto payment processors trying to outperform one another, Mastercard has rolled out a futuristic idea of keeping crypto transactions private. They recently filed a patent and according to the US Patent and Trademark Office, the industry giant has proposed a method of executing the transaction on the blockchain. As a…
Mastercard has submitted a patent application to the US Patent & Trademark Office (USPTO) for a system that is authenticating cards at the point of sale (POS) using blockchain technology. The company has always been outspoken about numerous flaws of traditional payment services and security platforms stating those are prone to breaches, error, and manipulation.…
For many years debit and gift cards have been a ubiquitous part of consumer spending. Thousands of transactions occur every second, which are handled by Visa, Mastercard, and a handful of other processors. For some time crypto advocates have argued that cryptocurrency is well-suited to disrupt this market. Now a number of companies have introduced…