It’s been another productive week for the cryptocurrency space with activity and progress being shown across the globe.
With Facebook Libra not ready to be a part of a global financial network, Mastercard felt it needed to bow out of the project.
The two credit card companies are hoping to make payment systems more secure by investing in the blockchain unicorn.
The Latvian cryptocurrency exchange hopes to gain a new level of banking respect by being associated with MasterCard.
The Singapore-based crypto service will offer the card from September, allowing users to pay for everyday transactions from crypto balances.
After noting that women in the crypto space are like unicorns, Mastercard has made a big investment in promoting women in the space.
Visa and Mastercard, the two biggest U.S. card networks, are planning to introduce higher fees, according to a report by Wall Street Journal. The new fees are expected to be implemented this coming April.
Cryptocurrency exchange Binance has announced it is now supporting debit and credit card payments, in a move expected to help increase mainstream adoption.
Mastercard has been handed a fine of over €570 million ($648.4 million) after it was found to be obstructing merchants from accessing lower fees for cross-border payments, contrary to European Union (EU) law.