NearPay, a crypto protocol provider, launched virtual-card and digital-wallet services for residents of the EEA and the UK. The NearPay Wallet is available for iOS and Android operating systems and supports 38 cryptocurrencies.
Binance will launch a Mastercard prepaid card in Argentina. The card will be issued by Credencial Payments and will be the first crypto card from Binance issued in Latin America.
Business-to-business (B2B) payment specialist Paystand has added dynamic discount pricing as an option for monthly subscribers connected to its blockchain-enabled network. Accounts receivable (AR) teams at Paystand seller customers can use an early pay option as an incentive to accelerate payments received from accounts payable (AP) teams at buyers.
Gemini, a cryptocurrency exchange and custodian, has expanded its partnership with Plaid in the US and the UK. The partnership lets Gemini users share account details with other services, including apps for financial planning, net worth calculations and tax advice.
Among the many companies that provide loans to owners of cryptocurrencies, three offer a credit card to their customers. BlockFi (Visa) and Gemini (Mastercard) offer credit cards in the US. The Nexo Mastercard, which is issued and processed by Poland-based DiPocket, is the first available in the European Economic Area.
Plaid announced support for crypto exchanges and investment platforms. Users will be able to link crypto account information with platforms used for financial planning, tax advisory and other services. The company currently connects to Binance.US, Gemini, Robinhood and SoFi. Connections to additional platforms, including Blockchain.com and BitGo, are planned for later this year.
Blockchain analytics and cryptocurrency intelligence is the expertise of CipherTrace, which was acquired by Mastercard last year. CipherTrace had more than 50 customers worldwide among financial institutions, digital asset exchanges and governments when Mastercard bought the company.
Crypto.com, a digital currency exchange, will accept cryptocurrency purchases using Apple Pay from within the company’s app.
Abra, which provides cryptocurrency trading, yield earning and borrowing services, will offer its customers the Abra Crypto Card on the American Express network. Amex will not issue the card, which will be the first to offer cryptocurrency as a reward for purchases made on the American Express global payment network.
Mastercard is working with marketplaces and cryptocurrency service providers MoonPay, Immutable X, Candy Digital, The Sandbox, Mintable, Spring and Nifty Gateway to allow card payments for NFTs and Web 3.0 commerce.
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