Zac Prince, BlockFi’s CEO, said his company paid out 450 BTC, 5,000 ETH and $6 million in stablecoins last month. Crypto lending firm BlockFi posted another record-breaking month in February, paying out over $35 million in interest to its clients. The interest payments were comprised of 450 Bitcoin (BTC), 5,000 Ether (ETH) and $6 million…
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Cryptocurrencies have fees, but so do payment cards. Credit card providers charge merchants a cut of the payments they accept, called interchange fees or swipe fees. With two major card providers aiming to elevate rates, could crypto become an alternative? “Visa Inc. and Mastercard Inc. are planning to raise swipe fees for some types of…
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This could significantly lower the barrier to entry for stablecoin use. Visa has teamed up with blockchain services company Circle to make USD Coin (USDC) stablecoin transactions compatible with certain credit cards. “After Circle itself graduates from Visa’s Fast Track program, likely sometime next year, Visa will issue a credit card that lets businesses send…
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Scammers are taking advantage of one of Bitcoin’s strengths, as once lauded by Satoshi Nakamoto. Fraudsters are taking advantage of the irreversible nature of crypto transactions, says MyChargeBack’s vice president of global operations, Michael Cohen. When Bitcoin (BTC) was first envisioned, one of its selling points was the fact that it was offering better protection…
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Mastercard is reaching out to cryptocurrency firms and encouraging them to apply to become partners as part of its newly-expanded cryptocurrency card program. Mastercard is reaching out to cryptocurrency firms and encouraging them to apply to become partners as part of its newly-expanded cryptocurrency card program. On July 20, Mastercard said it was simplifying access…
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JPMorgan Chase recently came to terms on a lawsuit from 2018 involving added fees for crypto purchases using credit cards. Banking giant JPMorgan Chase settled a 2018 lawsuit recently, with a $2.5 total payout — the result of unclear fees charged when using credit cards for crypto purchases. A May 26 court document detailed: “The…
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Celsius users can now purchase Tether Gold via credit and debit cards with a minimum purchase amount of $50. Celsius Network is expanding its partnership with fiat-to-crypto payments provider, Simplex, by enabling its users to buy more crypto with credit and debit cards. Celsius, a major crypto lending startup, now allows its users to purchase…
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After expansion across Europe, Crypto.com is now set to roll out its MCO Visa Cards in Canada. Leading cryptocurrency payments platform Crypto.com announced that it has received regulatory approval for its Visa card program in Canada, and will soon be rolling out MCO Visa cards in the country. MCO Visa cards are prepaid cards that…
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Visa has filed a patent application to create digital currency — potentially using Ethereum as the blockchain. Visa has filed an application to create digital currency on a blockchain with the U.S. Patent and Trademark Office. According to the application published May 14 — but filed way back in November 2018 — inventors Simon J.…
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CAN crypto payment provider is undertaking final testing before the launch of its cryptocurrency credit card. Canadian cryptocurrency payments provider, NetCents, has completed the technical integration of its consumer credit card into its proprietary ecosystem. NetCents announced March 20 that it had begun edge-case scenario testing in real-world environments in order to ready the card…
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