Mastercard eyes more crypto expansion moves

2023-4-29 21:42

Payments infrastructure company Mastercard is seeking more partnerships with crypto entities to expand its cryptocurrency payment card offering.

Reuters reported that the company’s head of crypto and blockchain, Raj Dhamodharan, disclosed this on April 28.

Dhamodharan said:

“We have dozens of partners around the world who offer crypto card programmes and they continue to expand. Providing access to crypto in a safe way is also part of our value proposition and we’re continuing to do that.”

Mastercard offers cryptocurrency debit cards for several entities, including Gemini, Nexo, Bitso, Lulu Exchange, Bybit, and Binance.

Beyond cryptocurrency payment cards, Mastercard also has relationships with other crypto entities like Coinbase and Bakkt. Other major card issuers, such as Visa and American Express, also have some collaborations with crypto firms.

Is traditional financial firms’ appetite for crypto thawing?

Meanwhile, the recent regulatory scrutiny appears to have reduced traditional financial institutions’ appetite for such partnerships. Several crypto firms are currently struggling to find banking partners.

Companies such as Visa and American Express, enthusiastic about crypto in 2021, have become relatively quiet.

American Express walked back on its plan to use crypto as an option to redeem points. Visa also broke off its partnership with FTX to provide credit cards for the now-bankrupt exchange. However, Visa’s head of crypto, Cuy Sheffield, insists that it will continue to partner with crypto companies to build new products.

Mastercard remains strong

Amidst all these, Mastercard appears to be seeing an opportunity. Dhamodharan stated that the company is enthusiastic about the underlying blockchain technology.

While its competitors have pulled back on their involvement with crypto this year, Mastercard is still going strong. It launched the “Mastercard Artist Accelerator” on Polygon (MATIC) in January. It also partnered with Immersive in February.

The post Mastercard eyes more crypto expansion moves appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto mastercard company head reported dhamodharan april

Источник: cryptoslate.com

crypto mastercard → Результатов: 126


Binance расширила список фиатных валют для покупки биткоина с помощью карт

Криптовалютная биржа Binance добавила поддержку прямой покупки криптовалюты c помощью карт Visa и MasterCard через платежный процессор Simplex. Список включает фиатные деньги 15 стран. #Binance Adds Support for Purchasing #Crypto With 15 Additional Fiat Currencies Via @SimplexCC https://t.

2020-2-14 17:14


Revolut Crypto Fintech Firm and MasterCard Partner to Launch Debit Card in the US

Revolut, a Fintech firm launched back in 2015 as an alternate to the existing banking sector and later started offering cryptocurrency exchange has announced its partnership with MasterCard. The partnership announced on 22nd October through a press release revealed that Revolut would launch debit card by the end of the year. The strategic partnership with […]

2019-10-22 22:40


Libra associates got concerned and dropped out: Secretary Steven Mnuchin

Facebook’s Libra initiative hit another roadblock prior launch after Libra associate companies including MasterCard, Visa and Stripe announced dropping out on October 9. While the decision was made after two Democratic Senators asked the the three banking giants to rethink their stance on Libra, speculation around the Senators’ being a threat clouded the crypto ecosystem.

2019-10-15 21:00


As Payment Firms Abandon the Libra Association, Who’s Next to Go?

Following last week’s news that PayPal was backing out of the Libra Association, almost all of the payment firms initially linked to the project have now announced their departure. Over the weekend, news emerged that Stripe, Visa, Mastercard, Mercado Pago, and eBay have all abandoned Facebook’s beleaguered cryptocurrency, striking a blow to Mark Zuckerberg’s plans […] The post As Payment Firms Abandon the Libra Association, Who’s Next to Go? appeared first on Crypto Briefing.

2019-10-14 17:52


Криптомир за неделю: Иск против Bitfinex и Tether, Telegram против SEC и выход компаний из проекта Libra

В конце недели мы подводим итоги того, о чём писали эти семь дней, и собираем всё, что актуально для поклонников криптовалют и децентрализованных технологий. На этой неделе компании Visa, MasterCard, Stripe и EBay вышли из проекта Libra, в окружной суд Нью-Йорка был подан коллективный иск против Bitfinex, Tether, Crypto Capital и их нынешних руководителей о […]

2019-10-13 14:10


Facebook Crypto Libra Crumbling as Visa, Mastercard Consider Quits: Report

Facebook’s cryptocurrency Libra has been in hot water ever since the social media giant released the whitepaper earlier this year. Central banks and governments across the globe have put together a concerted effort against Libra, putting Facebook executives in the dock time and again as they fear that the social media giant is out to […] The post Facebook Crypto Libra Crumbling as Visa, Mastercard Consider Quits: Report appeared first on CCN.com

2019-10-2 11:06


Binance Exchange Users Can Now Buy 5 Cryptos Using Debit Or Credit Cards via Koinal Partnership

The users of the largest crypto exchange Binance can now buy five cryptocurrencies through their debit or credit cards. The payment processing will be done by Koinal. Through a blog post, the crypto exchange stated that its customers can purchase five major cryptocurrencies using either Visa or MasterCard debit as well as credit cards. Through […]

2019-9-26 23:29


Binance добавила еще один способ внесения депозитов с банковских карт

Криптовалютная биржа Binance добавила еще один платежный канал для покупки криптовалют с помощью банковских карт Visa и Mastercard. #Binance Adds Support for Koinal — Buy Crypto With Debit and Credit Cardshttps://t.

2019-9-26 19:08


Crypto Exchange Globitex To Participate In Mastercard’s Lighthouse Development Program (LDP)

Globitex, a cryptocurrency exchange based in Latvia, has achieved an important landmark, it has become the first crypto company to be accepted into Mastercard’s Lighthouse Development Program (LDP). This initiative, which was also backed by NFT Ventures, is focused on offering support to companies from Nordic and Baltic countries and to help them in developing […]

2019-8-27 23:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto.com launching Visa card in Latin America

Crypto. com has announced the launch of its Visa card program in Latin America, bringing its popular cryptocurrency-linked rewards card to a region with growing interest in digital assets.   The Crypto.

FV Bank and Visa launch new cards to merge crypto and USD

FV Bank and Visa have partnered to introduce new debit and corporate expense cards, which were announced at Money 20/20 in Las Vegas. FV Bank’s new Visa cards let customers spend fiat and digital assets globally, marking a first in…

Visa unveils tokenized digital asset platform

Visa plans to help banks explore blockchain technology and smart contracts with fiat-backed tokens. The digital payments giant has unveiled a tokenization platform for this – called Visa Tokenized Asset Platform (VTAP).

Ether.fi partners Scroll to unveil new Visa ‘Cash’ card

Liquid restaking platform Ether.fi has announced a partnership with native zero-knowledge layer 2 Scroll to launch a new Visa-enabled credit card and wallet app. The ether.fi (ETHFI) team revealed the collaboration in a post on X on Sept. 9. Per…