Will Visa and Mastercard be able to survive the stablecoin revolution?
On June 18, Visa and Mastercard shares fell by about 5% as investors became nervous about the possibility that stablecoins could destroy traditional payment networks. This is because the day before The US Senate has passed a bill known as the GENIUS Act, which will regulate stablecoins in the country. Do they really pose a […]
Mastercard has joined the USDG stablecoin network
Mastercard payment system in the footsteps of Visa began to actively expand support for stablecoins. Mastercard will join the Paxos global dollar network, which will allow it to support USDG, USDC, PYUSD, FIUSD stablecoins in its network, as well as launch new opportunities through Mastercard Move and Mastercard Multi-Token Network.
Ukrainians complain about bank card malfunction — Mastercard confirms, Visa denies
Today, on March 9, users have encountered problems with payment using bank cards. They report that it is impossible to pay using terminals and ATMs.
Stablecoins overtook Visa and Mastercard in 2024, — ARK Invest
The volume of transactions using of stablecoins in 2024 reached a record $15.6 trillion (it was $7 trillion in 2023), exceeding Visa’s by 119% and Mastercard’s by 200%. This is what the reports Big Ideas 2025 by ARK Invest.
Bleap: a blockchain startup from former Revolut employees offers Mastercard payments without fees and cashback up to 2%
A team of former Revolut employees — João Alves and Guilherme Gomes — has raised $2.3 million in pre-seed investment to create the Bleap app. The developers call it a «bank account on the» blockchain. The leader of this round of funding was Ethereal Ventures, founded by Joe Lubin, the creator of Consensys. The investors also include Maven11,…
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