Mastercard and Nexo release сredit card that lets put crypto as collateral

    Crypto service provider Nexo announced on April 13 its partnership with Mastercard and e-money wallet provider DiPocket to launch a first-of-its-kind card in Europe that will let users get credit by putting their crypto assets up as collateral to draw fiat loans. The card will be integrated with Google Pay Apple Pay and offer 2%…

    Fundamental step towards mass crypto adoption

    …was unexpectedly taken by Mastercard, which announced the integration of cryptocurrency payments. Mastercard partners, including merchants and banks, will be authorized to add support for digital assets to their products. The company customers will be able to buy, sell and store cryptocurrencies. The news, though long-awaited, still came as a surprise. Mastercard is getting ready…

    Mastercard team up with Bakkt for crypto card payments

    Mastercard Inc. and crypto firm Bakkt Holdings Inc. partnered to enable cryptocurrency card payments. Banks will be able to issue debit or credit cards that let people pay with Bitcoin and earn cryptocurrency as rewards. According to the WSJ, the companies announced the partnership to make it easier for banks, financial-technology firms, and merchants to…

    Mastercard’s CEO reveals plans for cryptocurrencies, stablecoins and CBDCs

    Mastercard revealed plans to develop products and services around cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). The company wants to play a role in all three vibrant crypto areas, according to the CEO. Mastercard’s CEO, Michael Miebach, provided an update of the company’s cryptocurrency plans during the earnings call on Thursday. He explained that…

    Mastercard announced supporting select cryptocurrencies on its payment network

    Mastercard has tracked customer usage as it relates to cryptocurrency, particularly Bitcoin. The company has seen consumers using their Mastercard debit cards to purchase crypto assets and begin to use crypto cards on its network. With cryptocurrencies becoming more accepted as an investment and payment method, Mastercard is taking steps to make it easier for…