WP: Cryptocurrency is suddenly everywhere – except in the cash register

    While interest in crypto has exploded, few people are using it for its intended purpose: to pay for things – writes Tory Newmyer on The Washington Post. Billionaire tech executive Michael Saylor has called Bitcoin “the seminal invention of the human race.” His website describes it as “a bank in cyberspace” offering a “simple, &…

    Binance purchases Swipe for crypto card integration

    Binance, the world’s biggest crypto exchange, revealed Thursday that it will gain the excess extraordinary shares of Swipe, a prominent crypto Visa card supplier. As a result, users of Binance will obtain the ability to spend their coins in more than 70 million areas worldwide.   On July 6, 2020, Binance initially reported acquiring a…

    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…

    Bitcoin surpasses PayPal in value transferred, reaching 27% of Mastercard

    The analytic report suggests that the Bitcoin network already transfers more the dollar value than PayPal and could potentially match Mastercard’s network after 2026. According to a Thursday report from market analysis program Blockdata titled “When might the Bitcoin network process volumes like Mastercard & Visa?”, the network of the largest decentralized cryptocurrency processed about…

    Crypto payments startup MoonPay raises $555 million, reaching a $3.4 billion valuation

    MoonPay, a payment infrastructure provider for crypto companies, said Monday it has raised $555 million in an all-equity Series A round led by Coatue and Tiger Global that values the firm at $3.4 billion. The funds will be used to hire people, expand geographic coverage and add more payment methods such as letting users buy…

    84% of UAE consumers know crypto, while about half see it as an alternative to cash

    Despite the impact of the pandemic, the survey conducted by Visa reveals that consumers in the UAE are gaining confidence in their shopping behaviors towards the local merchants, digital payments, online shopping, and cryptocurrencies. Also, 84% of UAE consumers know about cryptocurrencies, with about half of them seeing crypto as an alternative to cash. According…