Mastercard introduced Multi-Token Network, a service intended to scale and secure digital transactions. It will incorporate previously announced products like Mastercard Crypto Credential. The company says a beta version of Multi-Token Network will be available in the UK this summer. The Bank for International Settlements collaborated with the Bank of England to build a […]
Stables, an Australia-based digital wallet provider, has partnered with Marqeta to offer a Mastercard prepaid card. Users can convert digital assets into fiat currency for retail spending. TBD, a Block-owned developer platform focused on digital currencies, has partnered with Yellow Card, a digital currency exchange that operates in 16 African countries. In March, the companies […]
Brazil’s central bank announced it would launch a CBDC pilot, with public testing taking place at the end of 2024. Bybit, a digital currency exchange, launched a Mastercard debit card for customers in Europe. Users will be able to spend from several digital currencies with automatic conversion to fiat at the point of sale, as […]
Reliance Retail, India’s largest retailer, is participating in the Reserve Bank of India’s CBDC pilot. The company has partnered with ICICI Bank, Kotak Mahindra Bank and Innoviti to accept digital rupees at the point of sale.
Coinbase, a digital currency exchange, reached a $100-million settlement with the New York State Department of Financial Services over its AML compliance practices. Of those funds, $50 million will be a penalty and the remaining $50 million will be spent on compliance.
JCB is Japan’s largest merchant acquirer. It will be the first company in that country to test acceptance of a simulated central bank digital currency (CBDC) in retail stores using existing card payment infrastructure.
BlockFi, a crypto exchange, filed for bankruptcy protection. The company has offered a Visa brand credit card product since July 2021.
Mastercard added seven startups to its crypto accelerator program. The companies specialize in payments to merchants, remittances, privacy and loyalty, among other areas. Mastercard says that 350 companies have participated in the program since 2014.
Plaid launched Wallet Onboard, a product that allows developers to offer connections among more than 300 self-custody crypto wallets using a single integration and a UI that is familiar to existing Plaid users. Wallet Onboard is built on Plaid Link, a platform that lets consumers connect their financial accounts across thousands of fintech apps and services.
Providing a risk assessment on consumer purchases from Virtual Asset Service Providers (VASPs) is the aim of Crypto Secure, a service Mastercard is making available to card issuers worldwide. VASPs are 3,600 crypto exchanges and other companies that sell digital currencies.
