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 […]
Visa deepens the use of stablecoins
More and more often we hear about stablecoins. Especially when the US is about to open up the possibility of launching this type of cryptocurrency for many companies. This is especially attractive against the backdrop of savings on fees in such payment systems as Mastercard and Visa.
For the first time in 7 years, the volume of stablecoin transactions exceeded the volume of Visa payments
ARK Invest analysts reported that last year, stablecoins outperform Visa and Mastercard in terms of transaction volume. Now, Bitwise has reported that the volume of transactions using stablecoins in 2024 almost reached $14 trillion, exceeding Visa’s figures. Back in 2023, stablecoins stood at $7 trillion, while Visa had $13 trillion. The fact…
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.
Elon Musk to launch X Money payment service «this year», Visa — main partner
Elon Musk’s Twitter/X has signed a deal with Visa to launch X Money, a payment service that will work directly on the social network and support instant bank transfers and P2P (person-to-person) payments.
Visa and Coinbase simplify crypto deposits
Visa has entered into a partnership with the Coinbase crypto exchange. This allowed the company to provide new services to users in the US and the EU. Through integration with the Visa Direct network, Coinbase customers will be able to quickly replenish their accounts in real time, make cryptocurrency purchases and withdraw funds to their bank…
TSMC has added $42 billion to its value and surpassed Visa — thanks to the «AI boom»
Shares of Taiwan’s largest company soared by 7.9%, increasing its capitalization to $575 billion.
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