News
"Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow,” said Maximiliano Hinz.
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Mastercard News
Mastercard Worldwide, or Mastercard incorporated, is an international payment system and transnational financial corporation that unifies 22,000 financial organizations in 210 countries around the world. The company was founded in 1966 with the merger of several Californian banks to compete with Bank of America, which currently works with Visa — Mastercard’s main opponent. The company is currently headquartered in New York and Mastercard’s CEO is Ajaypal Singh Banga. The main activity of Mastercard is the processing of payments between the acquired banks, which serve as the place of trades, and other credit corporations that use Mastercard’s debit and credit cards. The Mastercard association is aimed at managing the business, promoting the brand, and developing and implementing new technologies, such as a contactless way of making payment called PayPass.
- News
Navin Jain, an executive at Mastercard Indonesia, said that Mastercard will support Fasset’s efforts to drive financial inclusion in the country.
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The American Express executive said that the firm is bullish on crypto and is actively working to incorporate more crypto-related services in the future.
2020 - Markets News
Traders brace for more bad news after headlines revealed that Voyager Digital had lent $655 million to Three Arrows Capital. Is another crypto market sell-off on the way?
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Card payments for NFTs were first announced in association with Coinbase’s latest NFT marketplace in January.
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Michael Miebach, CEO of Mastercard, told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years' time.
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Two Israel-based credit card companies, Max and Isracard, have started working on Bitcoin investment and cashback solutions via a credit card.
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Users can get their cashback reward in over 60 different cryptocurrencies supported by Gemini.
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Nexo has officially launched its cryptocurrency credit card in collaboration with Mastercard after announcing the project back in 2019.
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Mastercard joins Visa and American Express with moves into the Metaverse as it seeks to increase revenue streams and remain competitive in the virtual economy.
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"Visa and Mastercard dig their own graves by politicizing their products and pushing people all over the world toward Bitcoin," said Marty Bent.
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Some regulators were recently concerned about the alleged lack of consistent and transparent data on crypto markets.
3908 - Markets News
The "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
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Mastercard targets banks and merchants that need help when adopting crypto-enabled technologies and nonfungible tokens (NFTs).
3380 - Newsletter
Mark Zuckerberg appears to have ignited a generational buzz around the Metaverse. Microsoft becomes the next trillion-dollar company to enter this space.
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