cards

Binance Reportedly Removes Restrictions on Russian Users

April 27, 2023 Bitcoin.com

bank cards

The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa […]

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Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

April 19, 2023 Bitcoin.com

Bank of Russia

Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The […]

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Trump Cards Jump Amid Indictment, Strong Quarter for NFT Market

April 2, 2023 Bitcoin.com

bitcoin.com

Sales of Donald Trump’s digital collectibles surged following the news of his indictment in New York on Thursday. Meanwhile, a report revealed that the market for non-fungible tokens (NFTs) has seen its strongest quarter since early last year, reaching a trading volume of $4.7 billion, despite a weaker March. Trump NFTs Spike as Former President […]

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Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

March 25, 2023 Bitcoin.com

Apps

The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during a discussion devoted to central bank digital currencies. Payment Cards […]

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Interoperable QR Payments Reach Record Number in Argentina

October 12, 2022 Bitcoin.com

Argentina

Interoperable QR payments, a system that allows all digital wallets in Argentina to make payments in several stores, reached a record number in September. According to official numbers, 3.15 million payments were completed using this system, including cryptocurrency-based payments that exchanges like Bitso are already offering in the country. Interoperable QR Payments Gain Ground in […]

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Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

September 24, 2022 Bitcoin.com

bank

Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments by Russian tourists visiting the country. President Erdogan […]

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Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says

July 24, 2022 Bitcoin.com

bank cards

The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not to Allow Crypto-Related Payments With Bank Cards Taiwan’s Financial Supervisory […]

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Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions

May 5, 2022 Bitcoin.com

Bankoff

Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt Support for Bankoff Cards Payment processors Visa and […]

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Binance Suspends Transactions With Russian Mastercard and Visa Cards

March 11, 2022 Bitcoin.com

bank cards

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, […]

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Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine

March 7, 2022 Bitcoin.com

Banks

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 […]

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