Weekly update: Important developments in cryptocurrency space
It’s been another productive week for the cryptocurrency space with activity and progress being shown across the globe.
Latest Mastercard News
Ex-Facebook Libra backer Mastercard comes clean, explains why it dropped out
With Facebook Libra not ready to be a part of a global financial network, Mastercard felt it needed to bow out of the project.
Mastercard, Visa invest in fintech Plaid
The two credit card companies are hoping to make payment systems more secure by investing in the blockchain unicorn.
Globitex becomes the first Crypto business to join MasterCard’s program
The Latvian cryptocurrency exchange hopes to gain a new level of banking respect by being associated with MasterCard.
Mastercard to use blockchain technology to stop fashion fakes
Mastercard is helping fashion designers by tracking their supply chain and weeding out fakes.
Mastercard looking to hire for wallet, crypto projects
Mastercard has posted several job openings in an attempt to compete with Bitcoin and Facebook.
New card from CoinBene exchange integrates cryptocurrencies ‘100%’
The Singapore-based crypto service will offer the card from September, allowing users to pay for everyday transactions from crypto balances.
Mastercard invests in Girls4Tech for more female cryptographers
After noting that women in the crypto space are like unicorns, Mastercard has made a big investment in promoting women in the space.
Case for crypto gets stronger as Visa, MC prepare to raise fees
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.
Crypto exchange Binance adds support for debit, credit card deposits
Cryptocurrency exchange Binance has announced it is now supporting debit and credit card payments, in a move expected to help increase mainstream adoption.
Mastercard fined $640M for obstructing cross-border payments
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.
Latest Mastercard patent filing covers anonymous blockchain transactions
Prolific patent filer Mastercard has applied for protection of yet another blockchain innovation—a platform that would allow anonymous blockchain transactions, using a somewhat familiar method.