Mastercard unveils plans to integrate crypto into its network

Mastercard unveils plans to integrate crypto into its network
фото показано с : invezz.com

2021-2-13 16:19

Financial services giant Mastercard is planning to introduce crypto support on its network. The organisation unveiled this news through a press release, noting that it intends to begin supporting cryptocurrencies later this year as it prepares for the future of crypto and payments. Mastercard believes this development will enable customers, merchants, and businesses to transfer funds however they want.

Additionally, Mastercard claims this move would help eliminate the difficulty of constantly converting crypto to fiats and vice-versa while making purchases. While the firm identifies the vast potential of cryptocurrencies, it warned that this announcement is not a recommendation to buy crypto.

Measures to shield consumers against crypto-associated risks

Mastercard will not support all cryptocurrencies that are currently available on the market. Tending to incline towards stablecoins, the company said they are more regulated and reliable. Per Mastercard, most of the digital assets in circulation still have a long way to go, regarding compliance measures. As a result, the firm won’t list them until they meet this requirement. Mastercard expects its users, and its ecosystem at large, to begin adopting cryptocurrencies that offer stability and security. As such, stablecoins are the best candidates for listing. 

Even so, Mastercard would focus on four important factors when deciding which coins to list. These are consumer protections, strict compliance protocols, and adherence to laws of jurisdictions in which the coins are used. The final requirement is stability, seeing as the company intends for the cryptocurrencies to serve as means of payment, not investment vehicles.

Mastercard currently has 89 blockchain patents globally. Additionally, it has 285 pending blockchain patent applications. As such, the firm believes it can seamlessly tap into this patent portfolio to make its projects successful.

Apart from working on listing cryptocurrencies, Mastercard is also working with several central banks to help them review plans to launch CBDCs. The organization reportedly developed a platform that lets the central banks test their CBDCs in a simulated environment.

The post Mastercard unveils plans to integrate crypto into its network appeared first on Invezz.

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 network mastercard supporting cryptocurrencies later begin

Источник: invezz.com

crypto network → Результатов: 126


Фото:

FCA makes first criminal charge for running illegal crypto ATM network

In a landmark move, the UK’s Financial Conduct Authority (FCA) has charged a man with unlawfully operating a network of cryptocurrency ATMs without proper registration. This marks the regulator’s first criminal prosecution for activities involving physical crypto machines, signalling a tougher stance against unregulated digital asset transactions.

2024-9-10 15:22


Фото:

Texas reform issues have been demolished and ordered to the Crypto Company Network

Regulation The Texas State Securities Board has taken an emergency action to stop a network of crypto-related companies from illegally offering investments in the state. Utah-based companies Mintage Mining LLC, Symatri LLC, NUI Social, Social Membership Network Holding LLC, and BC Holdings and Investments LLC are named in the emergency cease and desist order. In

2018-7-13 12:02


Ethereum Scalability Issues Will End this year – Joe Lubin

While cryptocurrencies such as ethereum and others have many groundbreaking and life-changing potentials, the issue of scalability remains a pain in nether regions for crypto enthusiasts. However, co-founder of the Ethereum blockchain project, Joseph Lubin has revealed that Ethereum’s scalability problems will be over this year as the network moves into “phase two.

2018-7-11 12:07


CoinGate (Payment Service) Introduces the Bitcoin Lightening Network Pilot for 100 Interested Buyers

Cryptocurrency payment gateway CoinGate is launching a pilot program for 100 merchants to test transactions on a Bitcoin Lightning Network (LN) variant of their service, according to news shared with Cointelegraph today, July 10 According to CoinGate’s blog post, the merchants taking part in the LN trial include esports betting websites, online stores with crypto

2018-7-10 20:49


Rambus CTO Says Use Cases For Crypto Network Tokens Proving Their Value

Network Tokens Proving Their Value Personal identity numbers are only as secure as user behavior allows, and organizations entrusted to safeguard them are also hack points for fraud. Chakib Bouda, the CTO of Californian concern Rambus, has pointed out that this is precisely what tokenization can eliminate. For nearly two decades, tokens have been employed […]

2018-7-9 21:38


eToro Social Trading Network Plans For Crypto Exchange & Wallet Launch

In an interview with NewsBTC, Managing Director of eToro, Iqbal Gandham shared the most anticipated launch of the eToro cryptocurrency exchange as well as its wallet. Known as a social trading and multi-asset managing brokerage firm, the direction of launching their own crypto exchange will definitely surprise and challenge competitors. Based on what Gandham shared, […]

2018-7-9 11:27


Команда Dash представила новую версию сети v12.3

Несколько дней назад команда Dash анонсировала новую версию сети v12. 3. Обновление было представлено 3 июня вместе с новыми разработками команды. В их число входят PrivateSend, InstantSend, Dash network и Dash Evolution.

2018-7-9 07:32


Команда Stellar анонсировала запуск торговой платформы StellarX

Сегодня в Twitter команда Stellar объявила о запуске в ближайшее время новой торговой платформы StellarX. Announcing StellarX! A user-friendly and totally free place to trade on @StellarOrg's universal marketplace.

2018-7-6 15:45


Фото:

U-Turn: Electroneum Fork Welcomes ASICs Back To ETN Network

The cellphone-based blockchain platform, Electroneum (ETN) performed a U-turn by bringing ASICs back to confirm transactions after originally forking to become ASIC-resistant. Electroneum’s founder and CEO, Richard Ells, said in the company’s Telegram group they decided to take ‘urgent action’ and re-introduce ASIC miners, reversing a fork that had integrated ASIC-resistant code at the end of […] The post U-Turn: Electroneum Fork Welcomes ASICs Back To ETN Network appeared first on Crypto Briefing.

2018-7-6 01:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Drops Below $100,000: The End Or Beginning Of The Crypto Bull Market?

Bitcoin, the titan of the cryptocurrency world with a market cap hovering around $1. 9 trillion, has experienced a significant downturn, dipping below the psychological threshold of $100,000. This flash dump, occurring over just three days, has left many investors and analysts questioning whether this marks the end of the current bull market or signals a healthy correction within an ongoing bullish trend.

ASIC Targets Binance Australia Over Landmark Case In Crypto Regulation

The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations.

UAE’s Bitcoin Holdings Soar To $40 Billion As Bull Season Continues

The United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion, marking a significant milestone in the country’s cryptocurrency journey. This investment surge aligns with a global bull market that has reignited interest in digital assets.

UAE’s Bitcoin Holdings Soar to $40 Billion As Bull Season Continues

The United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion, marking a significant milestone in the country’s cryptocurrency journey. This investment surge aligns with a global bull market that has reignited interest in digital assets.

ASIC Targets Binance Australia Over Groundbreaking Case in Crypto Regulation

The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations.