Mastercard launches Web3 user verification solution to curb bad actors

    Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company. Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The solution is dubbed the “Mastercard Crypto Credential”…

    Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product

    Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments. Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments. Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new…

    Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time

    While the collapse of FTX shaved $100 billion off of BTC’s market cap in just four days last year, BTC has managed to fully recover and stack on another $65 billion. A 48% Bitcoin price surge since the start of the year has pushed BTC’s market cap past that of payment processing giant Visa once again….

    Binance CEO: Crypto industry will probably move to non-dollar stablecoins

    Changpeng Zhao, also known as “CZ,” says that the industry may start to use stablecoins pegged to the euro, yen, or Singapore dollar, following recent actions against the U.S. dollar-pegged stablecoin BUSD. The crypto industry will “probably” start using euro, yen, or Singapore dollar-based stablecoins in the future, reducing its reliance on United States dollar-based stablecoins, according…

    The history and evolution of the fintech industry

    The fintech industry has evolved from early adopters using technology to automate financial services to a comprehensive revolution of the financial sector. The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as…

    Elon Musk wants Twitter payments system built with crypto in mind

    Twitter’s upcoming payments tool will initially support only fiat currencies, but Elon Musk wants it built to potentially support crypto in the future. Twitter chief Elon Musk has reportedly instructed his developers to build the platform’s payments system in such a way that crypto functionality can be added in the future. According to a Jan….