The Financial Services Commission cited concerns “about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges.”
South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards
The Financial Services Commission cited concerns “about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges.”
Robinhood buys credit card fintech X1 for $95M
In 2022, X1 claimed to have 500,000 people on its waiting list for a credit card. Over the past two years, the startup has raised $62 million from venture capital firms.
How to use credit cards wisely to avoid debt
Discover effective strategies and best practices to use credit cards wisely and avoid debt.
Amex planning to use AI for ‘approving cards and lines of credit’
American Express plans to extend its AI capabilities through partnerships despite having experimented internally with numerous machine learning-powered services.
PayPal and the credit card industry are taking advantage of consumers
Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees.
Bit2Me and Mastercard launch debit card with crypto cashback
The new debit card builds on technology already in place in the existing Bit2Me crypto card, but this time, card holders are eligible for up to 9% crypto cashback.
Credit cards can bridge Web2 to Web3, says music industry exec
As decentralized finance continues to become more mainstream, traditional financial tools can serve as a bridge from Web2 to Web3 for those who still remain skeptical.
Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO
Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since.
Visa’s trademark applications suggest more involvement in crypto space
The company’s trademark owner applied for its name to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto and NFTs.
Japan’s International Payments System will test plastic cards for CBDC
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace.
Mastercard taps Paxos to launch crypto trading for banks
Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services.
Binance and Mastercard will launch prepaid crypto cards in Argentina
“Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow,” said Maximiliano Hinz.
Buying crypto with credit card is now indirectly banned in Taiwan
In its note to banking sector, a chief financial regulator likens virtual assets to online gambling.
ECB exclusive: Crypto payments ‘not currently cost effective,’ Amex exec says
The American Express executive said that their firm is bullish on crypto and is actively working to incorporate more crypto-related services in the future.
Two credit card firms in Israel to let cardholders buy Bitcoin
Two Israel-based credit card companies, Max and Isracard, have started working on Bitcoin investment and cashback solutions via a credit card.
Gemini crypto exchange launches credit card in United States
Users can get their cashback reward in over 60 different cryptocurrencies supported by Gemini.
New crypto card by Nexo allows users to pay without selling Bitcoin
Nexo has officially launched its cryptocurrency credit card in collaboration with Mastercard after announcing the project back in 2019.
Amex trademark filings suggest possible entry to the metaverse
The major credit card company may be readying to provide “virtual concierge services” related to credit card transactions “in the metaverse and other virtual worlds.”
No credit for crypto — users react to Russia-issued credit card ban
“Visa and Mastercard dig their own graves by politicizing their products and pushing people all over the world toward Bitcoin,” said Marty Bent.