Cryptopay EU card provider loses license, company says card funds are safe
The EU Cryptopay cards may stop working soon as the Bank of Lithuania has revoked the EMI license of the app’s provider, UAB PayrNet. Go to Source Powered by WPeMatico
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Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’
Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official said. “We expect that very soon it will become widespread.” Indonesia Establishes New National Payment … Read more
Binance Reportedly Removes Restrictions on Russian Users
The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa … Read more
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. Go to Source Powered by WPeMatico
PayPal and the credit card industry are taking advantage of consumers
Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees. Go to Source Powered by WPeMatico
Visa: Token bridges were a favored target for thieves in 2022
The fraudsters would normally exploit the smart contracts to allow for the approval of unauthorized transactions. Go to Source Powered by WPeMatico
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, … Read more
Crypto Biz: Did crypto winter scare off Visa and Mastercard?
Visa’s head of crypto has pushed back against the notion that the credit card giant is getting cold feet because of the bear market. Go to Source Powered by WPeMatico
Ethereum price resistance at $1,750 could reflect traders’ anxiety over the Shanghai upgrade
Holding gains above $1,750 remains a challenge for ETH, but derivatives data shows traders believe future downside moves will be limited to the most immediate price support. Go to Source Powered by WPeMatico
Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’
According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several cryptocurrency ventures that offered crypto debit cards and failed due to financial difficulties last year. After the report published, … Read more