Mastercard

Mastercard is launching a programme to accelerate virtual card adoption, enhancing interactions across banks, platforms, and businesses. By leveraging advanced VCN technology, Mastercard is enabling seamless, consumer-like commercial payments.

Mastercard launched its Crypto Credential service in the UAE and Kazakhstan to simplify cryptocurrency transactions by using secure aliases instead of complex wallet addresses.

Floki, in partnership with Mastercard, has launched a zero-fee crypto debit card in Europe, supporting 8 blockchains and major crypto like Bitcoin and Ethereum. Despite this milestone, Floki's price has fallen nearly 7% in the past 24 hours amidst market volatility.

Mastercard and JPMorgan have teamed up to simplify and speed up cross-border business payments using blockchain technology. Their systems will connect to offer faster settlements, better transparency, and easier management for international transactions.

The US DOJ has filed an antitrust lawsuit against Visa, accusing it of maintaining a debit payments monopoly. The DOJ claims Visa uses exclusivity agreements and penalties to stifle competition, forcing businesses to use its network while blocking new competitors from entering the market.

Global payments leader Mastercard has teamed up with Mercuryo to introduce a euro-denominated crypto debit card, enabling users to seamlessly spend cryptocurrencies from their self-custodial wallets.

In partnership with British fintech firm Baanx and Mastercard, MetaMask is rolling out a pilot-program that allows users to seamlessly convert and spend their digital assets at millions of Mastercard-accepting merchants worldwide.

With this new feature, users gain the ability to conveniently withdraw cash and make purchases at various point-of-sale locations and ATMs where the service is available.

Visa and Mastercard's crypto partnership: Simplifying conversions, challenging exchanges. Crypto's future: integration with traditional finance.