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Crypto.com Partners With Mastercard to Expand Digital Payments in GCC Region

Crypto.com Partners With Mastercard to Expand Digital Payments in GCC RegionCrypto.com has announced a strategic partnership with Mastercard, enabling the cryptocurrency platform to issue payment cards directly in the Gulf Cooperation Council (GCC) region, starting with Bahrain. Crypto.com Secures Principal Licence to Issue Mastercard-Powered Cards The collaboration revealed on Dec. 4, grants Crypto.com a principal licence to issue cards on Mastercard’s payment network. This move, […]

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Crypto.com to launch Mastercard-powered card in Bahrain

The new offering will be available across all Crypto.com card tiers with up to 8% rewards on spending.

Mastercard announced on Dec. 4 that it had issued a license to Hong Kong-based cryptocurrency exchange Crypto.com to begin offering its pre-paid payments card services on the Mastercard network in the Gulf Cooperation Council (GCC) region, beginning with Bahrain in January of 2025.

According to a blog post from Mastercard, once issued, cardholders will be able to fund their accounts via the Crypto.com app using e-money wallets or third party-issued credit and debit cards.

The card will be offered across all five Crypto.com card tiers, including its top-level “Black Obsidian” offering, with rewards of up to 8% and card payouts in US dollars.

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Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services

Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard ServicesNigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue […]

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Mastercard’s Pay Local Launches, Connecting 2 Billion Users to 35 Million Merchants

Mastercard’s Pay Local Launches, Connecting 2 Billion Users to 35 Million MerchantsMastercard’s Pay Local is set to transform digital payments globally, connecting 2 billion users with 35 million merchants. Mastercard Pay Local Unlocks Global Reach: 2 Billion Users, 35 Million Merchants Payment giant Mastercard announced on Monday the launch of Pay Local, a global service designed to expand the reach of digital wallets by providing access […]

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Ripple and Mercado Bitcoin to launch crypto-enabled payments in Brazil

Mercado Bitcoin, one of the largest crypto exchanges in Latin America and a partner of Mastercard, is working with Ripple on crypto-enabled international payments.

Blockchain payments network Ripple is collaborating with a major crypto exchange in Brazil to launch cross-border payments enabled by crypto.

Ripple has partnered with the Brazilian Mercado Bitcoin exchange to enable local businesses to settle payments using Ripple’s “managed end-to-end payments solution,” the firm officially announced on Oct. 3.“

With the new payment tool, businesses in Brazil would be able to get “faster, cheaper, more efficient cross-border payments” across the globe 24/7 and settle payments in a matter of minutes, Ripple stated.

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Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Mastercard Partners With Amazon to Digitize Payment Acceptance

Mastercard Partners With Amazon to Digitize Payment AcceptanceMastercard and Amazon Payment Services have partnered to digitize payment acceptance in the Middle East and Africa. Under the partnership, Amazon will adopt Mastercard’s single touchpoint for payment processing across 40 markets, enabling faster, more secure transactions for merchants. Expanding Payment Acceptance Mastercard, a U.S. multinational payment card services firm, has partnered with Amazon Payment […]

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition

According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts. 

Consumer watchdog organization Accountable.US recently published a report accusing finance giants Visa and Mastercard of operating as a duopoly to prevent competition in the debit and credit card payments sector.

According to the report, which has been viewed by Cointelegraph, the two companies have spent more than $80 million lobbying against legislation that would allow competitors access to the payments sector. 

Because Visa and Mastercard account for the majority of credit and debit card transactions in the United States, Accountable.US alleges that they’re responsible for the “sky-high” swipe fees faced by both consumers and businesses. 

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Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Mastercard, Safaricom Partner on Cross-Border Payments

Mastercard, Safaricom Partner on Cross-Border PaymentsMastercard and Safaricom have partnered to improve payment acceptance and cross-border remittances in Kenya. The partnership will benefit over 636,000 merchants using M-Pesa and enable them to serve customers globally. This collaboration will provide faster and more reliable payment solutions for Kenyan businesses and their customers. Streamlining Cross-Border Transactions The multinational payment card services corporation, […]

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

41 firms join BIS Project Agora to advance unified ledger applications

The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.

The Bank for International Settlements’ (BIS’) Project Agora has progressed to the design stage with the onboarding of 41 private financial firms. The project, launched in April by the BIS and seven central banks, is looking at how tokenized commercial bank deposits can be integrated with tokenized wholesale central bank digital currencies (CBDCs) on a single platform.

The regulated private-sector participants include Visa and Mastercard, SWIFT, the Swiss SIX Digital Exchange, Japan’s Monex Group financial services firm, clearing companies and a host of large banks. The Institute of International Finance, a financial services trade group, was chosen to convene the private participants, which responded to a call for participation issued in May.

Project Agora is now the largest BIS project in terms of participants. The private-sector members join the Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and the Federal Reserve Bank of New York.

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Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

$197,500,000 To Be Handed To Customers at JPMorgan Chase, Wells Fargo, Bank of America and Other US Lenders in Massive Visa and Mastercard Settlement

7,500,000 To Be Handed To Customers at JPMorgan Chase, Wells Fargo, Bank of America and Other US Lenders in Massive Visa and Mastercard Settlement

Visa and Mastercard are preparing to pay a massive settlement to US bank customers over controversial ATM fees. The settlement will resolve allegations that the payment giants conspired with JPMorgan Chase, Wells Fargo, Bank of America and other unnamed lenders to keep ATM surcharges artificially high. Specifically, Visa and Mastercard are accused of colluding with […]

The post $197,500,000 To Be Handed To Customers at JPMorgan Chase, Wells Fargo, Bank of America and Other US Lenders in Massive Visa and Mastercard Settlement appeared first on The Daily Hodl.

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?