MasterCard
Weekly Report: Bison bank wins crypto license, Nexo and MasterCard to launch a crypto-payments card
Nexo Card was termed the world’s first crypto-backed payments card Circle has completed a $400 million funding round Michael Saylor says MicroStrategy’s Bitcoin buying spree will continue Portugal’s Bison Bank snaps the first-ever VASP license to a bank in the country Dogecoin co-founder Jackson Palmer is unimpressed by Elon Musk’s attempt to acquire Twitter ‘Tremendous success’ CEO Michael Saylor hails MicroStrategy’s Bitcoin buying spree In a recent letter to investors, MicroStrategy CEO and crypto bull Michael Saylor has lauded the decision to flood the firm’s treasury with Bitcoin. He said the company intends to continually “vigorously pursue” this ambition into the future. In the letter embedded in MicroStrategy’s 2022 Proxy Statement dated April 14, Saylor explained to stockhold...
New crypto card by Nexo allows users to pay without selling Bitcoin
Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto. Nexo has partnered with Mastercard and the peer-to-peer payment startup DiPocket to launch the Nexo Card, a crypto card allowing cardholders to use their crypto as collateral rather than selling it, the firm announced to Cointelegraph on Wednesday. The card is linked to a Nexo-provided, crypto-backed credit line allowing to use of multiple assets as collateral, including but not limited to Bitcoin, Ether (ETH) and the Tether (USDT) stablecoin. “The Nexo Card functions through Nexo’s crypto-backed credit lines, which means that funds for your purchases come from your available credit lin...
Mastercard files 15 metaverse and NFT related trademarks
Payments giant Mastercard has filed 15 nonfungible token (NFT) and metaverse trademark applications with the United States Patent and Trademark Office, or USPTO. Highlights of the filings include plans for a virtual community for interacting with digital assets, the processing of payment cards in the Metaverse, an online marketplace for buyers and sellers of downloadable digital goods, virtual reality events and more. One trademark filing for the company’s “Priceless” slogan consists of multimedia files such as artwork, text, audio and video that are authenticated by NFTs. Another application illustrates plans for its red and yellow “Circles” logo to process card transactions used for payment of goods and services in the Metaverse and other virtual worlds. An additional patent &...
Australian crypto exchange BTC Markets introduces a MasterCard payment option
BTC Markets customers can now make direct credit, debit, and prepaid payments to purchase crypto MasterCard previously launched crypto-funded payments cards (for goods and services) in collaboration with crypto exchange CoinJar Legacy payments platforms have in recent months been diving deeper into cryptocurrencies via partnerships and flagships. The latest, albeit not unfamiliar, name to make headlines is MasterCard. The financial services firm is collaborating with the Australian crypto exchange BTC Markets. According to local reports, the partnership would see BTC Markets clients enjoy a provision to purchase crypto from the exchange via direct credit, debit and prepaid payments powered by MasterCard. The exchange users will now be able to enjoy ease and safety in completing payments fo...
Mastercard & Ukheshe Launch “First-of-its-Kind” Virtual Card Solution
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Cambridge University launches crypto research project with IMF and BIS
The University of Cambridge is collaborating with some of the world’s top banking institutions and private companies to introduce a new project targeting cryptocurrency research. The Cambridge Center for Alternative Finance, or CCAF, has launched a research initiative aiming to bring more insights on the rapidly growing digital asset industry, the CCAF announced to Cointelegraph on Monday. Dubbed the Cambridge Digital Assets Programme, or CDAP, the project is a public-private collaboration with 16 companies including public institutions like the Bank for International Settlements Innovation Hub and the International Monetary Fund. The initiative also includes banks like Goldman Sachs, financial giants like Mastercard and Visa, as well as major exchange-traded fund providers like Invesco. O...
Crypto Biz: Microsoft enters the metaverse, Jan. 14–20
This week’s Crypto Biz explores Microsoft’s Activision purchase, the new partnership between Coinbase and Mastercard and the latest funding news from the world of crypto. For a comprehensive breakdown of business developments over the last week, register for the full newsletter below. Microsoft enters the Metaverse with Activision purchase It’s no secret that Microsoft has been eyeing its entry into the Metaverse ever since Zuckerberg rebranded Facebook to Meta. The company found its perfect entry this week by acquiring gaming giant Activision Blizzard for $68.7 billion. Satya Nadella, who has served as Microsoft’s CEO since 2014, described video games as playing a “key role in the development of metaverse platforms.” Activision is behind some of the world’s most iconic gaming franch...
Coinbase seals partnership deal with Mastercard to facilitate NFT purchases
The exchange announced its upcoming NFT marketplace last year, and its waiting list has already accumulated over 2.5 million users US-based cryptocurrency platform Coinbase, on Tuesday, announced it is working with multinational financial services firm Mastercard to allow users to buy NFTs using cards. Most of the existing NFT marketplaces currently only support crypto payments for the collectables and digital items they host. The Coinbase-Mastercard partnership aims to simplify things for users of the former’s upcoming NFT platform by allowing them to complete purchases using the latter’s cards. By making the experience of purchasing NFTs suitable for novice users, the pair hopes to reach a broad market. “As an important step in this mission, we’re excited to annou...
Cointelegraph Editor-in-Chief Kristina Cornèr talks digital currencies with Mastercard at Global Impact Week
Global Impact Week, an industry event which features fintech, policy, climate, healthcare, and media innovations, kicked off in Valencia, Spain, and is ongoing from Dec. 14 to 18. Recent figures put attendance at 100,000, with 500 speakers and 150 live sessions. Cointelegraph’s Editor-in-Chief Kristina Cornèr has been in virtual attendance at the event, moderating the panel titled Fireside Chat: Fintech Defining the Future with Mastercard’s executive VP of market development Liza Oakes. Here’s what they had to say: Kristina Cornèr: In November, Mastercard announced the launch of crypto-funded payments cards. How do you see this opportunity develop in the next few months or years? Liz Oakes: We started the service in fiat money. You can start by using Mastercard to purchas...
Mastercard & Meta Join Forces to Support SMEs in Africa
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Airtel Money is Launching this New Virtual Payment Solution in Zambia
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Mastercard Appoints New Country Manager for South Africa
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