Crypto security boosted with Mastercard-Feedzai partnership
Mastercard has announced a partnership with Feedzai, a leading regulatory technology platform known for its advanced artificial intelligence capabilities in combating online financial crime. This collaboration aims to proactively address the escalating issue of fraud associated with cryptocurrencies. Feedzai’s expertise in detecting online financial frauds is expected to be a game-changer in this partnership. Combining […]
Mastercard executive reveals why CBDCs can’t take off yet
Mastercard, a global payments giant, has expressed skepticism about the widespread adoption of Central Bank Digital Currencies (CBDCs), citing consumer comfort with existing monetary systems, according to CNBC. Ashok Venkateswaran, Mastercard’s lead for blockchain and digital assets in the Asia-Pacific region, emphasized the challenges in adopting CBDCs. Venkateswaran says the key difficulty lies in ensuring […]
MoonPay’s role in mastercard’s Web3 experiential marketing initiatives
In a significant move towards embracing the evolving landscape of blockchain and cryptocurrencies, Mastercard has joined forces with MoonPay, a prominent crypto payment firm, to explore new opportunities in the Web3 space. Mastercard, a global leader in payment technology, has officially entered into a strategic partnership with MoonPay, a well-known player in the crypto payment […]
Mastercard completes CBDC pilot project with Reserve Bank of Australia
Mastercard, in conjunction with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), has successfully concluded its central bank digital currency (CBDC) pilot project. This project delved deep into exploring practical applications of a CBDC within the Australian economy. Consequently, the partnership has unveiled a mechanism that fosters the seamless […]
Tourists can now use their Visa and Mastercard to top-up their wallets on the e-CNY app
The e-CNY app now enables tourists to recharge their wallets using Visa and Mastercard by providing a prepayment option. Visitors to the People’s Republic of China can recharge their Digital Yuan Wallets using the master card option currently offered by the e-CNY app. China is among the countries that have adopted the use of the […]
Nexo debuts dual-function Mastercard for European citizens
Nexo, a Bulgaria-based decentralized lending platform, has unveiled a Mastercard offering both debit and credit functionalities exclusively for European Economic Area (EEA) residents. This marks a significant step in financial innovation, aiming to provide a seamless experience for managing digital assets. Nexo’s card with debit and credit capabilities The Nexo Card allows transactions in multiple […]
Breaking: Mastercard breaks up with Binance
In a surprising and bold move, Mastercard has severed ties with Binance, one of the world’s most dominant cryptocurrency exchanges. By September 22, Mastercard will halt all four crypto card programs they had with Binance in countries including Argentina, Brazil, Colombia, and Bahrain. Binance’s Special Feature Gone Amiss The Binance cards offered a unique feature, […]
Mastercard launches CBDC Partner Program in partnership with leading blockchain firms to foster the implementation of digital currencies
Mastercard has taken a significant step in the digital currency industry by launching its CBDC Partner Program. The program aims to foster collaboration with key blockchain and payment service industry players to drive innovation and efficiencies in implementing central bank digital currencies (CBDCs). Mastercard convenes leading blockchain and payment providers Mastercard’s CBDC Partner Program aims […]
MasterCard empowers UK banks to combat payment fraud with AI-powered solution
Financial services provider Mastercard is leading the charge against payment fraud and scams with its AI-powered tool called “Consumer Fraud Risk.” The solution, now live in the UK, leverages Mastercard’s latest AI capabilities and its unique network view of account-to-account payments to help banks predict and prevent various types of scams. According to an announcement, […]
Binance reportedly lifts certain restrictions for Russian users
Binance, the world’s leading cryptocurrency exchange, has reportedly removed some restrictions on its Russian users, according to local crypto media. Reports indicate that Russians can now use their bank cards for deposits, and the exchange has eliminated a balance limit previously imposed in line with European sanctions. Russian Bank cards, including Visa and Mastercard, accepted […]
Bybit takes crypto payments to the next level with new MasterCard debit card
Bybit is launching a new debit card that enables holders of cryptocurrencies to make payments and withdraw cash. The Bybit Card, which operates on the Mastercard network, will allow users to pay for goods and services using their cryptocurrency balances, automatically converting them into euros or pounds depending on their country of residence. Users can […]
Visa and Mastercard delay crypto launch—what does this mean for the future of digital currencies?
The crypto industry took a hit in 2022 following the bankruptcies of significant players FTX and BlockFi, sending shockwaves through investors and sparking increased regulatory scrutiny. Both Visa and Mastercard have decided to delay the launch of certain products and services related to crypto until market conditions improve and the regulatory environment is more favorable. […]
Binance and Mastercard to launch crypto card in Brazil
In Brazil, the country with the biggest economy in Latin America, Mastercard and Binance have announced the introduction of a prepaid card backed by bitcoin and other cryptocurrencies. The Binance Card is reportedly undergoing beta testing. According to a blog post published by the firm, it is anticipated that the card will be made freely […]
Mastercard files for another Web3 and crypto trademark
You are mistaken if you believe that the crypto winter has kept investors away from the DeFi Market. Web3 is the new battleground for the majority of businesses as they strive to establish their presence. Mastercard is not an exception, as the corporation submitted an application for yet another active trademark on Monday. The focus […]
PayPal and Western Union file for crypto services trademarks
PayPal and Western Union have each submitted three new trademark applications for a diverse array of crypto services. Additionally, PayPal’s applications are for the payments titan’s logo. After witnessing the success of cryptocurrencies, established financial heavyweights have embraced this innovative technology. A trademark is a word, name, symbol, design, or phrase used to identify and […]
Mastercard backs crypto despite market decline
Mastercard has reiterated its bullish stance on digital assets in the market despite the massive decline in the last few weeks. With the company currently making moves toward the sector, it is only a matter of time before a full expansion. With the world pandering towards Web3, Mastercard has the ambition to become the heart […]
