|All Time High:
|The price of #CARD today is $0.000850 USD.
The lowest CARD price for this period was $0, the highest was $0.000850, and the exact current price of one CARD crypto coin is $0.00084964.
The all-time high CARD coin price was $0.037.
Use our custom price calculator to see the hypothetical price of CARD with market cap of ETH or other crypto coins.
|The code for Cardstack crypto currency is #CARD.
Cardstack is 5.7 years old.
|The current market capitalization for Cardstack is $2,548,334.
Cardstack is ranking downwards to #1208 out of all coins, by market cap (and other factors).
|There is a modest daily trading volume on #CARD.
Today's 24-hour trading volume across all exchanges for Cardstack is $36,267.
|The circulating supply of CARD is 2,999,311,734 coins, which is 50% of the maximum coin supply.
|CARD has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 1 crypto exchange.
View #CARD trading pairs and crypto exchanges that currently support #CARD purchase.
Tech Status Update
Cardstack Development Updates, Operator Mode & Composable App Features. — The Cardstack development team has been focusing on the composable app, particularly around the features of operator mode. The Operator mode presents a standardized UI that communicates with the underlying open-source framework where schema and templates are outlined. In the current version of our runtime, we grant programmers code-level access to view the source code of each card inside the system via the web application, known as “code mode.” Operator mode leverages the same APIs that offer non-technical users a point-and-click interface to manipulate the data controlled by these schemas and templates. — Navigational Enhancements - A recent addition to the system is hierarchical navigation. If a card contains a field that is itself another card — like an invoice with multiple vendors — the operator mode presents a standard navigational strategy depicted as “stacks of cards.” This allows users to delve into any hierarchy level to explore the information space constructed using the Cardstack schema system and the Boxel interface. — Field Type Expansion - The team is broadening the array of field types, such as date / time / address / company / person / currency, in a project named Card Field separation. This initiative enables field authors to offer various user interface variations that Card authors can select ...
Boxel Framework: How Businesses Can Leverage Boxel to Streamline Their Operations — Part 3
Boxel Framework: How Businesses Can Leverage Boxel to Streamline Their Operations — Part 3 - — Boxel Framework for Business Use Cases. — In this third blog in our series on how Boxel Framework can be used for different use cases, we will focus on business applications of the framework. We will explore the possibilities of building with Boxel as a foundational component, not just for software development, but also for envisioning workflows that facilitate collaboration across organizational boundaries. Before we dive in, let’s quickly recap what Boxel is. Boxel can be used in three different ways. Primarily, it serves as a composable development framework that allows you to build full-fledged applications using composable components. Secondly, Boxel offers a curated catalog, eliminating the need to build everything from scratch. Within this catalog, you’ll find pre-built components representing invoices, forms, people’s addresses, and phone numbers, and even higher-level concepts like application packets and other document templates. The catalog is aimed at enabling businesses to add new features quickly without having to build everything from scratch. In this blog, our focus is on discussing how businesses can use Boxel to streamline their operation and boost productivity, the third use case for Boxel. Assuming you have the framework and catalog at your disposal, how can you, as a business user, make...
Boxel for business use-cases and application development, and upcoming fireside chat on decentralized computation. — — Product Updates - — Boxel Framework for Business Use Cases. — In our recent webinar, Cardstack’s Founding Director, Chris Tse talked about Boxel Framework for business use cases. He presented Boxel from a business lifecycle perspective, discussing how Boxel framework can be used to improve business-critical challenges such as inter-business communication including in-app invoicing and payment-related communications and settlements. He further delved into using Boxel for other use cases such as AI-enabled workflow creation and management to streamline business processes. Watch Video Recommended to watch for context: Deep-Dive into Boxel Composable Development Framework for Web3, Generating Software with AI using Boxel & GPT, — Web3 Trends & Insights - — Boxel Framework: How Cardstack Plans to Disrupt Application Development — Part 1. — Boxel Framework aims to simplify software development by allowing users, designers, and developers to work together to assemble software from pre-built components. Boxel aims to address various complexities present in the current software development ecosystem to streamline the application development process. Read Article — Boxel Framework: How Cardstack Plans to Disrupt Application Development Using AI —...
Boxel Framework: How Cardstack Plans to Disrupt Application Development Using AI — Part 2
Boxel Framework: How Cardstack Plans to Disrupt Application Development Using AI — Part 2 - — Understanding how Boxel and AI will work together. — In our previous blog post on how Cardstack aims to streamline application development, we explored the complexities present in the current landscape and how the Boxel Framework will address them. This blog post focuses on how Cardstack is harnessing GPT and AI to empower developers and individuals to develop applications without the need to code everything. To better understand this concept, let’s consider a typical workday scenario. We often rely on third-party tools to accomplish tasks, but these tools have a one-size-fits-all approach and lack the ability to be personalized to meet our specific needs. For example, with Google Forms or Hubspot Forms, customization options are limited, and users must choose from pre-set options or learn how to code to create forms based on their requirements. Boxel changes this paradigm. With Boxel, users can not only address smaller use cases, such as creating forms using natural language but can also create complex workflows. Cardstack is integrating GPT with Boxel to enable users to create forms, invoices, and workflows using natural language. This is in addition to enabling developers to build applications using composable components. In this blog, we will delve deeper into how Boxel will enable developers, businesses, and...
Boxel Framework: How Cardstack Plans to Disrupt Application Development — Part 1
Boxel Framework: How Cardstack Plans to Disrupt Application Development — Part 1 - — A deep-dive into Boxel Framework. — Applications have become an integral part of modern life, powering everything from smartphones to online shopping. However, despite its importance, application development is far from perfect. The current process of application development is time-consuming and resource intensive. Cardstack plans to change this paradigm with its Boxel Composable Development Framework. Inspired by the term Voxel from video games such as Minecraft, Boxel Framework aims to simplify software development by allowing users, designers, and developers to work together to assemble software from pre-built components. Boxel proposes the idea of composable apps, where applications can work together as components to create more complex software. Boxel aims to address four levels of complexity present in the current software development ecosystem to simplify the application development process. These four levels are: Accidental Complexity, Essential Complexity, Emergent Complexity, Mediated Complexity., In the following paragraphs, let’s discuss each level of complexity in detail and how they impact current software development: — Level 1: Accidental Complexity - Accidental complexity refers to the complexity that arises from the use of tools, processes, or frameworks that are not essential to the software bei...
Cardstack Safe Tools (Beta) release, updates on GPT integration with Boxel, & latest Web3 trends. — — Product Updates - — Cardstack Safe Tools (Beta) Release. — We are thrilled to announce Cardstack Safe Tools (Beta). Developed to address account abstraction-related challenges, Cardstack Safe Tools enable Web3 businesses to pay their globally dispersed teams, vendors, and freelancers in crypto. Cardstack Safe Tools are focused on solving account abstraction-based related challenges to streamline revenue generation and payments for #Web3 projects. It offers a number of benefits over traditional payment methods. Non-custodial, Trustless Experience, Bookkeeping, Gas Optimization, Learn more here — Web3 Watch & Other Events - Is Cardstack Integrating GPT with Boxel Framework? Join us for a webinar on April 12 at 9 am ET to find out! The webinar will focus on these central points: Boxel Framework demo, Is Cardstack integrating GPT with Boxel?, How GPT will work with Boxel?, When Boxel will be launched?, Register Now — Cardstack at the ETH Dubai Conference: Why Hybrid Custody Is the Way Forward for Crypto. — Our Founding Director, Chris Tse, discussed why hybrid custody is the way forward for crypto at ETH Dubai and also introduced Cardstack Safe Tools“Hybrid custody is like a multi-sig signer, except that it is limited by logical rules to balance the power so you can...
How DAOs Can Meet Growing Community Needs with Composable Development
Understanding how composable development can power the future of DAOs. — DAOs are increasingly becoming a popular way for communities to come together and build a solution that caters to the community as well as the wider world without relying on a centralized authority for decision-making. However, one particular challenge that the DAOs have been facing is their limited ability to scale and meet growing community demands, particularly in their early years due to a lack of resources. Composable development is an approach to software development that emphasizes on modularity and interoperability between different components of an application and leverages pre-built components to build and scale applications. In the context of DAOs, this means building DAOs from a collection of smaller, pre-built building blocks that can easily be combined to create new functionalities, build an app, or scale the existing solution. In this blog, let’s discuss how composable development enables DAOs to scale quickly and meet growing community demands: — Scalability. — With growing community needs, it is essential for DAOs to be able to adapt and scale quickly. Composable development allows DAOs to add new functionalities or adjust their decision-making mechanisms without having to start from scratch or overhaul the entire system. With composable development, DAOs can easily create and test new functionalities and quickly inte...
Introducing Cardstack Safe Tools (Beta) for Crypto-based Payroll Management and Vendor Payments
Safe Tools are developed to address account abstraction-related challenges. — Earlier this month, we introduced Cardstack Safe Tools (beta) at ETH Dubai. Developed to address account abstraction-related challenges, Cardstack Safe Tools enable Web3 businesses to pay their globally dispersed teams, vendors, and freelancers in crypto, while keeping track of all their payments from a single dashboard for streamlined bookkeeping. Signup for Safe Tools here. At Cardstack, we understand the challenges faced by Web3 businesses when it comes to revenue generation and payments. Our Safe Tools offer a solution that is secure, efficient, and transparent, allowing businesses to streamline their payment processes and focus on what really matters - their core business. Safe Tools are being extended to cater other account abstraction-based use cases such as SaaS subscription billing to help Web3 projects efficiently monetize their tools. Cardstack Safe Tools offer a number of benefits over traditional payment methods, including: Non-custodial, Trustless Experience Pay your employees, vendors, or freelancers by directly connecting your preferred wallet with Cardstack’s Safe Tools, enabling you to always have control of your funds and token preferences., Bookkeeping See details of your past & future crypto payments at a glance. Cardstack’s Safe Tools will soon also allow you to integrate your preferred accounting solution such a...
Why More Businesses Are Choosing Crypto-based Payments?
Understanding the benefits of crypto-based payments for businesses. — As mainstream adoption of crypto is growing, more businesses today are choosing crypto-based payments. According to Deloitte, nearly 75% of retailers plan to accept crypto payments in the next two years. In addition, many tech giants, in recent months, have also announced their plans to accept cryptocurrencies. Crypto-based payments eliminate the need for intermediaries such as banks and credit card companies, resulting in lower fees and quicker transactions. Further, they also offer faster transaction times, increased security, and access to a global market. They are also more secure than traditional payment methods because of their immutable nature. Additionally, accepting crypto payments is helping businesses reach new customers in the global market who prefer to use crypto for transactions. In this blog, let’s discuss why more businesses are moving to crypto-based payments and the benefits it provides: — Eliminates banks as intermediaries - One of the primary reasons businesses are turning to crypto payments is to reduce transaction fees and improve transaction speeds. Traditional payment methods, such as banks and credit cards, charge merchants a significant percentage of each transaction, which can be costly. On the other hand, crypto payments eliminate the need for banks as intermediaries, resulting in lower fees and quicker transactions...
February 2023: Second edition of our biweekly newsletter!. — — Product Updates - — Deep-Dive into Boxel Composable Development Framework. — In our recent webinar, Cardstack’s Founding Director, Chris Tse, discussed how Cardstack’s Boxel Framework enables composable development.“What if we can reuse not just the stacks and libraries, but we can also reuse the apps, the code and combine them in the same way that developers combine the open source library — around the business domain and logic”Chris Tse on the capabilities of the Boxel Framework Boxel allows you to build full-fledged dApps from ideation to launch by assembling pre-built components from a catalog of mini-applications known as ‘Box’. Boxel provides pre-built components for composition, integration, orchestration, runtime, and new dApp development, enabling you to design an interface that contains all the concepts and data models, including the front-end and back-end to build an application. Watch the complete webinar here. — Web3 Trends & Insights - — Why Web3 Needs Its Own CRM. — The decentralized web is built on the foundation of trust and transparency, and this trust is earned by building relationships with the community and users. Web3 businesses are fundamentally different from web2 businesses as they’re community-driven. This means that Web3 companies need customer relationship management s...
More Cardstack (#CARD) News
|Coinbase Partners With Yellow Card to Expand Access to Its Products in 2...
The leading crypto exchange Coinbase has said it will expand access to its products to 20 African countries. Coinbase also claimed that its partnership arrangement with the Africa-focused crypto exchange Yellow Card can help increase financial freedom in countries where it is lacking.Increasing Financial Freedom
On Jan. 11, 2024, Coinbase, the U.S. cryptocurrency exchange, announced that it will expand access to its products to 20 African countries. According to a statement by Coinbase, users from the selected African countries will be able to 'purchase USDC directly in our [Coinbase] Wallet app starting in February' through its partnership with the Africa-focused stablecoin platform Yellow Card.
As part of the arrangement, Yellow Card users will be able to acquire the stablecoin USDC on the Ethereum layer two (L2) chain Base. Coinbase claims that this arrangement will benefit African users, some of whom reside in inflation-hit countries, by providing them with cheaper payments and faster transfers.
Coinbase also claimed that its partnership arrangement with Yellow Card can help increase financial freedom in countries where it is lacking.
'This partnership with its emphasis on USDC will increase economic freedom in places that have lacked it, and help stand up a modern financial system where one hasn’t existed,' the crypto exchange said.
According to Coinbase, the partnership arrangement can help enhance African users’ economic freedom by making it possible for t...
|South Korea Proposes Ban on Credit Card Crypto Purchases
Amidst a national surge in crypto trading, South Korea's FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions.South Korea Aims to Tighten Crypto Regulations with Proposed Credit Card Ban
The South Korean Financial Services Commission (FSC) is considering an amendment to its credit finance act that would ban the use of credit cards to purchase cryptocurrencies. The Jan. 3 post on the FSC website states that this move is aimed at curbing the illegal outflow of domestic funds and speculative activities associated with buying crypto on foreign exchanges. The proposed change seeks to align the treatment of virtual assets with other prohibited payment methods, addressing concerns about money laundering and the encouragement of speculative behavior.
The FSC's initiative comes as part of a broader effort to tighten regulations on the local cryptocurrency market, which has been under increased scrutiny. At the same time, South Korea is experiencing a surge in crypto, with two Korean exchanges Upbit and Bithumb contributing over 10% to the global trading volumes. While domestic exchanges in South Korea are subjected to strict rules requiring transaction authentication and partnerships with local banks, foreign exchanges do not face the same level of regulation. The proposal, open for public feedback until February 13, 2024, aims to reduce risks and enhance the transparency and securi...
|Africa-Focused Crypto Exchange Yellow Card Bags Africa's 'Disrupter of t...
Yellow Card, the Africa-focused crypto exchange, recently won the African financial industry's 2023 'Disrupter of the Year' award. The crypto exchange's CEO described the award as a recognition of Yellow Card's role in 'solving important, practical problems across the continent for businesses.'Award Reserved for Businesses Demonstrating 'Resilience in Complex Times'
In what has been described as a first for a crypto company in Africa, Yellow Card, the Africa-focused cryptocurrency exchange, was recently awarded the financial industry's 'Disrupter of the Year' award. To win this year’s prize, Yellow Card, which is headquartered in Nigeria, beat investment platforms Bamboo and Ejara, financier Sparkle, and payment platform Moniepoint.
Join us to welcome the newest addition to the Yellow Card team! We've just bagged the prestigious "AFIS Disrupter of the Year Award!"#AFISAWARDS #DisrupteroftheYear #GoCryptoWithYellowCard pic.twitter.com/5qp9A8QgCv
— Yellow Card App (@yellowcard_app) November 17, 2023
According to the Africa Financial Industry Summit (AFIS), the recognition given to Yellow Card at this year’s event is reserved for 'a young company that has demonstrated resilience in these complex times and whose innovation represents a market disruption.' In addition, the award-winning company's activity should have increased significantly in the year under review.
Chris Maurice, the founder and CEO of the crypto exchange, said the award vindicates his fi...
|Binance to Sunset Visa Crypto Card as 2023 Sees Decline in Digital Debit...
Several reports have revealed that Binance, which is recognized as the leading crypto exchange by trading volume, intends to discontinue its Visa crypto card on December 20, 2023. The enterprise emphasized that only a 'small number of Binance users' would be affected by this development.Binance to Discontinue Visa Offering by Year's End
In 2023, crypto debit cards have been falling out of favor rapidly, triggered in part by a series of bankruptcies that ignited a crypto bear market. Back in March, Bitpay in the U.S. phased out its prepaid Mastercard program, although it assured users of a renewed card service on the horizon. However, this week, holders of the Binance Visa card were informed via email that the card would cease to be functional by the close of the year.
The email communicated that the Binance Visa card would become non-operational post-December 20, 2023. The Binance Visa, which was available to users in Europe, was utilized by individuals across various countries including Austria, Belgium, Bulgaria, Croatia, France, the Czech Republic, and Finland, among others. Binance has suggested that cardholders can switch to Binance Pay for their shopping needs, provided the service is accessible in their region.
The email also clarified that, despite the changes, Binance accounts would remain unaffected and continue to operate as usual. A lively discussion about the Binance Visa card issue has taken place on social media. “Binance shutting down their Visa card,&r...
|Nexo Taps Mastercard to Launch a Dual Mode Crypto Card
Leading cryptocurrency platform, Nexo, has partnered with payment processing giant Mastercard to launch a first-of-its-kind Dual Mode crypto card to enable users to seamlessly handle credit and debit transactions.
According to a press release sent to CryptoPotato, Nexo customers can use the debit mode for daily transactions and switch to the credit mode for larger purchases from more than 100 million worldwide merchants that accept Mastercard.
Nexo Unveils Dual Mode Crypto Card
Nexo described the Dual Mode Card as an example of a customer-first approach and a thoughtful response to users' daily transactional needs. The ability to toggle between debit and credit modes in one product is more convenient than managing multiple physical and virtual credit and debit cards or separate accounts.
With the new crypto card, Nexo users can tailor their spending to suit their preferences while accumulating up to 9% yearly interest on their holdings to be paid out daily.
Antoni Trenchev, co-founder and Managing Partner at Nexo, said: 'By bringing the first-ever Dual Mode crypto card to market, Nexo has further strengthened its position as a leading innovator in the crypto space.
The launch underscores ours and Mastercard's commitment to proactively meet the evolving needs of our global customer base by introducing a product that resets the standards for what customers can expect from their financial service providers.'
New Card to Use Existing Infrastructure
The new Nexo product will use a...
|Latam Insights: Brazil's Lula Pushes for BRICS Currency; Binance Drops C...
Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: Brazil's President Luiz Inacio Lula Da Silva pushes to issue a BRICS common currency, Binance drops card services, and Argentina gets invited to be part of BRICS.
Brazil's Lula Pushes for BRICS Common Currency
Luiz Inacio Lula Da Silva, president of Brazil, referred to the advantages of issuing a common currency in the BRICS bloc, integrated by Brazil, Russia, India, China, and South Africa. As part of his participation at the recent BRICS leaders summit, Lula stated:
The creation of a currency for trade and investment transactions between BRICS members increases our payment options and reduces our vulnerabilities.
Opposing Lula's vision, Russian Foreign Minister Sergey Lavrov explained that 'no one' was thinking about a single currency and that the group was focused on finding a way of making their economic investments and transactions independent from the U.S.-controlled financial system.
While the project of a common currency could not be concreted during this summit, the importance of 'encouraging the use of local currencies in international trade and financial transactions' was mentioned in the final declaration of the BRICS summit.
Binance Drops Cards Services
Binance, the cryptocurrency exchange, announced it would no longer be able to offer its card-related products in Latam and the Middle East starting on September 21. Whil...
|Connectee Enables Instant Crypto Purchases via Credit/Debit Card
[PRESS RELEASE - Tallinn, Estonia, August 24th, 2023]
Cryptocurrency exchange and wallet provider Connectee has launched Card to Crypto acquiring allowing users to instantly top up their crypto balances with Visa or Mastercard. This new feature provides a seamless fiat-to-crypto onramp by eliminating the need for wire transfers or manual bank account linkages.
The Card to Crypto service is now live for Connectee wallet holders across 21 countries all around the world. Users can quickly and easily buy popular cryptocurrencies like Bitcoin, Ethereum, and USDT in just seconds using their existing credit or debit card. All card transactions are securely processed using 3DSecure protocols for maximum protection.
As a fully licensed cryptocurrency exchange and qualified digital asset custodian, Connectee adheres to the highest standards of security, compliance, and transparency. Client funds and assets are stored in insured, cold storage wallets protected by multi-signature technology that exceeds typical industry custody safeguards. Connectee operates as a European-regulated entity, ensuring strict adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Each user is only permitted one account on the platform to maintain compliance.
The user-friendly Connectee platform enables customers to safely and reliably buy, sell, send, receive, and manage a diverse portfolio of over 10 top cryptocurrencies, including the most popular options like Bitcoin, Ethereum,...
|Vitalik Buterin Granted Taiwan Employment Gold Card
Ethereum founder Vitalik Buterin has received a permit that will allow him to legally reside and work in Taiwan. Speaking at a meeting with the country's minister of digital affairs, Buterin said that the card will make it easier for him to visit the island nation and its Ethereum community.Taiwan's Digital Minister Presents Buterin With Kuai Kuai Snacks and Work Permit
Authorities in Taipei have granted Vitalik Buterin, a leading figure in the crypto space, a Taiwan Employment Gold Card, local media revealed, quoting the country's ministry responsible for digital development.
The Russian-Canadian programmer, best known for co-founding ethereum (ETH), the cryptocurrency with the second-largest market capitalization after bitcoin (BTC), was received this week by Taiwan's Minister of Digital Affairs, Audrey Tang.
During the meeting, the crypto entrepreneur remarked that Taiwan is home to a robust Ethereum community. He also noted that the card will allow him to visit the island more easily in the future, the Taiwanese FTV channel reported.
The government official spoke with Buterin in Chinese, taught him an old Taiwanese song and presented him with Kuai Kuai snacks. People in Taiwan often put snacks of this brand next to machines and devices due to a popular belief that this will ensure their error-free operation.
The Taiwanese government launched the Gold Card program in 2018, hoping to attract highly qualified specialists from various priority sectors of the economy. The car...
|Visa Pilots Innovative Approach for Paying On-Chain Gas Fees with Visa C...
American payment goliath Visa is exploring ways to facilitate payment of on-chain gas fees through the use of a Visa card.
In a recent report, Visa's Product Manager Mustafa Bedawala emphasized a challenge associated with cryptocurrency wallets faced by users which requires them to constantly manage their ETH balance to cover gas fees.
The company is experimenting with an option to enable users to pay their on-chain gas fees directly in fiat money through card payments, thereby simplifying blockchain transactions.
Visa's Solution for Gas Fees
Under Visa's scenario, users may no longer need to hold native tokens specific to a blockchain exclusively to cover gas fees. This resolution would leverage Ethereum's ERC-4337 standard and a 'Paymaster' contract, allowing customers to utilize a Visa card for the direct payment of gas fees.
This approach is not only expected to be a major relief for existing users but is also designed to help streamline the onboarding process for new ones.
'Our proposed solution liberates users from the need to hold native blockchain tokens or constantly engage in bridging tokens merely to cover gas fees. From a user’s perspective, this solution is appealing in its simplicity and ease of adoption.'
Visa suggests a solution that involves receiving the user's gas fee payment off-chain through a Visa card and subsequently covering the equivalent sum on-chain on their behalf. This process simplifies the gas fee experience, resembling a typical card pay...
|Record High Credit Card Debt: 55% of Americans Concerned About Repayment...
According to a Newsweek poll conducted by Redfield & Wilton Strategies, 55% of Americans are 'very' or 'fairly' concerned about paying off credit debt this year. The total credit card balance of Americans is at its highest point since the U.S. Federal Reserve began tracking the data, and current metrics indicate that Americans are using credit to mitigate inflationary pressures.U.S. Consumers Rely on Credit Cards to ‘Navigate Costs Associated With Inflation’
While the most recent consumer price index (CPI) report from the U.S. Bureau of Labor Statistics indicates a cooling of inflation in the United States, Americans have turned to credit cards to offset the rising prices. According to a poll published by Newsweek and Redfield & Wilton Strategies, which surveyed 1,500 American citizens on May 31, approximately 30% of respondents have debt ranging from $1,000 to $5,000. Among Americans aged 22-34, around 22% have accumulated over $10,000 in debt, while 21% of U.S. citizens aged 35-44 also carry the same level of debt.
Melissa Lambarena, a credit cards expert at Nerdwallet, stated to Newsweek that U.S. “consumers have been actively using their credit cards to navigate costs associated with inflation.” The Nerdwallet executive noted that increasing prices have caused some Americans to depend on their credit cards to meet their financial needs. According to statistics from Lendingtree, credit card debt has reached a record high for American consumers, citi...
|EAEU Official Urges BRICS and SCO for Joint Use of Digital Currencies, N...
Three integration unions with Russian participation, BRICS, SCO, and the EAEU, should adopt joint policies on the use of digital currencies, according to a top representative of one of them. He also believes the international organizations should develop a new payment system with its own bank cards.BRICS, SCO, and EAEU May Launch Common Payment Card System
BRICS (Brazil, Russia, India, China, and South Africa), the Shanghai Cooperation Organization (SCO) and the Eurasian Economic Union (EAEU) can issue a common payment card, the Chairman of the Board of the Eurasian Economic Commission, Mikhail Myasnikovich, has stated and elaborated:
We invite our colleagues from the SCO and BRICS to pool our resources. I am talking about the joint approaches to the use of digital currencies and the launch of the common payment card system. We already have appropriate solutions.
Myasnikovich was speaking during the second edition of the Eurasian Economic Forum in Moscow on Wednesday and was quoted by the Belta news agency. The Belarusian heads the EAEU’s executive body since 2020. The Commission is responsible for implementing decisions and upholding the organization’s treaties.
The EAEU official also pointed out that the share of settlements in national currencies between its members already stands at around 80%. The estimate comes after Russian Prime Minister Mikhail Mishustin recently revealed that 70% of settlements between Russia and China are already conducted in ruble and ...
|Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service...
Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a prominent player in the crypto payments sector, made an announcement regarding the termination of its current Bitpay prepaid Mastercard program. This decision follows the end of its partnership with Metropolitan Commercial Bank.Crypto Payment Giant Bitpay Ends Prepaid Mastercard Program
Bitpay, the Atlanta-based crypto payments company, has made the decision to halt its prepaid Mastercard program, rendering the card unusable for Bitpay Mastercard holders after the specified deadline. Breaking the news through a series of informative tweets on May 18, 2023, Bitpay also notified cardholders via email. Urging users to promptly terminate any recurring payments linked to the prepaid card, the company has set June 1, 2023, as the final day for card loading.
We’ve seen some hot takes since announcing our short transition period for the BitPay Card and want to make one thing clear: we’re not going away, just taking some time to change banks and enhance the card program.
More details in the thread pic.twitter.com/HeuGZIlst1
— BitPay (@BitPay) May 18, 2023
Bitpay has announced that the card's final day of usability is scheduled for June 15, 2023, after which it will cease to function. On January 9, 2023, the crypto sector ...
|Conflux and China Telecom Debut First On-Chain Interaction with Blockcha...
[PRESS RELEASE - Toronto, Canada, May 16th, 2023]
Conflux Network, the first regulatory-compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.
In a world first, the BSIM card is a mobile user identification card based on blockchain technology. With an appearance nearly identical to traditional SIM cards, the BSIM card is fully compatible with mainstream mobile terminal systems such as Android and iOS. It also boasts storage space 10-20 times larger than traditional SIM cards and computing power several dozen times greater.
Alongside traditional communications functions, the BSIM card also can generate and store users' public and private keys within the card. By performing digital signatures in a 'private key never leaves the card' manner, the card reduces the risk of users' mobile terminals being targeted by malware and virus software attacks. Furthermore, the BSIM card can implement encrypted storage, key recovery functions and even integrate traditional U-shield functions. Leveraging the hardware security advantages of the BSIM card to protect users' private keys. It is currently the safest and most convenient Web3 user terminal entry solution available.
During the launch event, Dr. Wu Ming, CTO and Co-Founder of the Conflux Network, successfully transferred a Commemorative NFT of the China Telecom and Co...
|Former US President Donald Trump Launches Second NFT Card Collection
On April 18, former U.S. president Donald Trump announced a second series of his digital Trump card collection, following the 'great success' of his initial non-fungible token (NFT) trading cards. Despite selling out rapidly, Trump stated on Truth Social that he maintained the initial card prices for the new collection.Trump Unveils Series 2 NFT Collection With Mar-a-Lago Dining Opportunity
Trump is back with a new NFT collection featuring 47,000 digital cards minted on Polygon. His first NFT collection, launched in mid-December 2022, sold out within hours. The cards' value performed well on secondary markets and also surged following Trump's indictment by a Manhattan grand jury.
On March 30, 2023, Trump was indicted with 34 felony counts of allegedly falsifying business records related to ostensible payments to adult film star Stormy Daniels. Trump pleaded not guilty and his legal team has requested a spring 2024 trial. On Truth Social, Trump unveiled his second NFT collection just 19 days later. Cards are priced at $99 each and are intended as 'collectible items for individual enjoyment only, not for investment vehicles.'
Each card features a 'unique pre-assigned rarity.' Customers who purchase 47 of Trump's NFTs will have the opportunity to dine with the former president. In a Truth Social post, Trump said: 'I am pleased to inform you that, due to the great success of my previously launched digital trading cards, we are doing it again, Series 2, available right now.' He a...
|TBD and Yellow Card to Enable Fiat On and Off-Ramp Payments in 16 Africa...
TBD and the Africa-focused cryptocurrency exchange platform Yellow Card recently partnered to launch a fiat on and off-ramp that enables payments in some 16 African countries through Bitcoin rails. The objective of this arrangement is to make cross-border payments not only more affordable and accessible, but compliant as well.Hedging Against Inflation With BTC
TBD, a bitcoin developer-focused entity owned by Jack Dorsey's Block, has joined hands with the crypto exchange platform Yellow Card to launch a platform that enables fiat on and off-ramps and payments in 16 African countries. According to a press release, the objective of this new development is to make cross-border payments more affordable and accessible, as well as to create compliant channels for remittances.
As per the April 12 press release, the Africa-focused crypto platform Yellow Card will be one of TBD's first partners to make it possible for users to send U.S. dollars or BTC and for recipients to get the local currency equivalent. For recipients living in countries with hyperinflation, the platform can be used as a place to store BTC or stablecoins.
Commenting on his company's partnership with TBD, Chris Maurice, the co-founder and CEO of Yellow Card, said:
We're thrilled to work with TBD and the Block team on tbDEX and their global payments initiatives. The international payments space, especially in Africa, is in dire need of the innovative solutions we are building together, and this is the culmination of...
|Binance Launches Prepaid Card in Colombia
Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina.
Binance Announces Crypto Prepaid Card in Partnership With Movii
Binance, the biggest cryptocurrency exchange in volumes traded, is making moves to expand its services in Colombia. The company announced the launch of a new prepaid cryptocurrency-linked card, that will allow users to pay with crypto in all merchants accepting standard debit and credit cards.
The product is part of a partnership with Movii, a Colombian neobank that also issues its own Mastercard card. Among the currencies supported by the card will be BNB, BTC, ETH, ADA, DOT, SOL, SHIB, XRP, MATIC, LINK, and other stablecoins, with the user being able to configure which currency will be spent.
The card will feature real-time exchange from crypto to fiat currency, allowing users to spend crypto, and merchants to receive fiat instantly. Binance also announced that the prepaid card will feature zero-fee withdrawals in ATMs, offering up to 8% in cashback rewards in selected purchases.
While it is still in the beta stages, Binance announced it will be launched to a wider audience soon.
Colombia: Another Expansion Spot in Latam
Binance thinks Colombia is ...
|Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Wor...
PRESS RELEASE. Dubai, United Arab Emirates, March, 2023 – MaskEX, a rapidly expanding third-generation crypto exchange, headquartered in Dubai, has announced the launch of its crypto-backed Virtual Card, enabling users to spend their crypto as fiat in more than 176 countries with over 50 million merchants worldwide. This new feature is now available to all ID-verified MaskEX users.
MaskEX has also announced that Ben Caselin, former Head of Research and Strategy at Hong Kong-based crypto exchange AAX, has joined MaskEX in the role of Vice President. Drawing on nearly 4 years at AAX, Mr. Caselin has played an important role in driving the mainstream adoption of bitcoin and digital assets through the platform, especially in emerging markets. At MaskEX, Mr. Caselin will oversee all global and localized marketing, communications and business development initiatives.
“We are excited to offer our users the ability to spend their crypto wherever and whenever they want with the launch of the MaskEX Virtual Card,' said Eric Yang, CEO of MaskEX. “Our vision is to make crypto more accessible and find ways to integrate crypto more with people’s everyday lives.”
“We are also delighted to be joined by Ben Caselin, not only because we believe he can play a vital role in our global expansion efforts, but also because of the terrible situation he has witnessed up close at AAX, following the collapse of FTX in late 2022. As we have observed, he puts users b...
|Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian...
Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency
The world’s largest crypto exchange, Binance, and a leading Ukrainian exchange, Kuna, have announced temporary suspensions of operations with bank cards in Ukrainian hryvnia. Both trading platforms confirmed about the problems with such transactions.
The limited processing of deposits and withdrawals in the national currency results from restrictions imposed by the National Bank of Ukraine (NBU), representatives of Binance told the crypto news outlet Forklog. The exchange has advised traders to use its peer-to-peer marketplace.
“Currently, fiat channels, namely input and withdrawal through a bank card and other payment services, are temporarily suspended among cryptocurrency exchanges throughout Ukraine,” the trading platform stated in a Telegram post on Thursday, quoted by Bits.media.
“Regarding the hryvnia card and input/output to the exchange. Yes, it doesn’t work … In brief, we are looking for ways out of the situation, under the threat of stopping the entire Ukrainian crypto/card UAH market,” Kuna founder Michael Chobanian said in his Telegram channel.
On Friday, Chobanian suggested that the difficulties wi...
|China Telecom and Conflux Network to Pilot Blockchain Enabled SIM Card i...
[PRESS RELEASE - Toronto, Canada, 15th February 2023]
Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year. This will likely be followed by pilots in key mainland China locations such as Shanghai.
BSIM will dramatically lower the barrier to entry to Web3 for China Telecom’s 390+ million mobile phone subscribers, while making transactions faster and more secure. By making telecom users' personal digital assets more secure, the goal is to make mobile phones more secure.
The BSIM card integrates Conflux’s Tree-graph, dual proof of stake, and proof of work technology, enabling the highest system performance for any blockchain in the world. It uses the hardware security advantages of SIM cards to protect users' private keys, which is a secure and convenient Web3 entry solution.
The BSIM Card is indistinguishable from a traditional SIM in appearance, but the storage space is 10-20 times larger than the traditional SIM card, and the computing power is increased by tens of times. Users who switch to a BSIM card will be able to store digital assets safely, transfer their digital assets conveniently, and display their assets in a variety of applications.
The BSIM card will manage and store the use...
|UK Payments Company Wirex Becomes Visa Global Partner, Extends Crypto Ca...
Wirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. The new partnership means that Wirex will be able to offer its crypto card services to APAC and U.K. markets.
Wirex Partners With Visa to Expand to New Markets
Wirex, a payments and crypto company based in London, has reached a long-term service agreement with credit card giant Visa. With this move, qualified as a significant milestone by the company, Wirex will now be able to reach customers in new markets, targeting areas like APAC and the U.K.
The company, which offers cryptocurrency-linked card services, will be able to reach customers in over 40 countries with this partnership. The company claims it was the first one to bring this kind of service to mainstream audiences in 2015, also in partnership with Visa. The partnership builds on prior Wirex endeavors, which became a principal member of Visa in Europe in 2020, and raised $15 million in its Series B funding round in 2022.
Matt Wood, head of digital partnerships at Visa in the Asia Pacific region, stated:
Visa wants to bring more payment options to consumers by connecting digital currencies with our network of banks and merchants. We're excited that Wirex is expanding their focus on Asia Pacific, making it easy and seamless for people to spend their crypto balance at the millions of merchants that accept Visa in the region.
|Bit2Me Debit Card Launch Gives Users up to 9% Cashback on All Purchases
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than 90 million global businesses and up to 9% cash back on all payments.
The Bit2Me card can also be used in-store & online using NFC-enabled mobile devices, such as smartphones and smartwatches. Right now the card can be linked to 8 top cryptocurrencies with more to follow. Users can pay securely for goods and services with Bit2Me's B2M, BTC, ETH, ADA, XRP, SOL, DOT, and USDT.
Both the AppStore and Android versions enable users to freely switch between multiple crypto wallets simultaneously, making payment in multiple currencies a breeze. Bit2Me intends to bring support to more digital currencies throughout 2023, so that more crypto users will be able to take advantage of all the benefits of the card, such as the 9% cash-back.
Achieving this level of cryptocurrency to Mastercard integration was not a simple process, as Leif Ferreira, CEO and co-founder of Bit2Me explains:
'Dozens of professionals have been involved in this project, and after two years of work, we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow (which is part of the international card payment protocol) so that customers can use cryptocur...
|Binance and Mastercard Launch Crypto Prepaid Card in Brazil as Part of L...
Leading crypto exchange Binance and credit card giant Mastercard have partnered to launch a prepaid crypto-linked card in Brazil as part of Binance's expansion plans in Latam. The Binance card features 8% cashback for eligible purchases and supports on-the-fly conversion of 13 cryptocurrencies to make payments to local merchants.
Brazil Receives Binance Prepaid Card
Binance, a leading cryptocurrency exchange by volume traded, announced on Jan. 30 the launch of its Binance card in brazil, a product that will allow crypto users to make payments in crypto to legacy merchants. The card, which is backed by Mastercard, will enable registered customers of the exchange from all over Brazil to make crypto payments with 13 supported cryptocurrencies, including on-the-fly conversions to the Brazilian real.
The release of this product comes as no surprise to some, as Matthew Shroder, global vice president and regional director at Binance, had stated in September that Brazil was one of the top upcoming markets for the launch of a prepaid card in Latam.
Payments made with fiat currency using the prepaid card will be fee-free. However, payments involving crypto-to-fiat conversions will have a 0.9% fee. Also, the card features 8% cashback in crypto that applies to eligible purchases.
This move is part of the efforts that the exchange is making to expand its footprint in Latam. Brazil is the second market in which the instrument will be launched. Binance launched a similar product in Arg...
|Binance Taps Mastercard to Introduce Crypto Prepaid Card in Brazil (Repo...
The world's largest cryptocurrency exchange - Binance - joined forces with the multinational financial services giant - Mastercard - to launch a prepaid card in Brazil.
The partners previously rolled out such a feature in Argentina.
As reported by Reuters today (January 30), the Binance card is still in beta testing and should be available to users in the following weeks.
It comes as a result of the exchange's goal to 'broaden the connection between traditional finance and crypto.'
Binance said Brazil is among its key markets, while new and existing customers will be allowed to use the card in every shop that employs Mastercard's payment services.
The entities teamed up last summer for a prepaid cryptocurrency card in Argentina, which provides up to 8% cashback in BNB for specific purchases.
Clients can withdraw a maximum of 45,000 pesos ($241) per day or up to 180,000 pesos ($964) per month. Daily purchases are limited to 90,000 pesos ($482), while monthly buys cannot exceed 360,000 pesos ($1,929).
The prepaid cards launched in Brazil and Argentina could boost the interest in digital currencies and improve financial inclusion in the region.
Despite being the largest financial market in South America, tens of millions of Brazilians lack access to basic monetary services. On the other hand, locals are among the global leaders in cryptocurrency adoption, with 41% of the surveyed admitting they are HODLers.
The situation is similar with its South-Wes...
|Unbanked and Mastercard Team Up to Accelerate Crypto Card Adoption Withi...
PRESS RELEASE. Today it was announced that Unbanked, the leading provider of white-label crypto card issuance and program management service for Web3 companies has partnered with Mastercard, to accelerate DeFi card issuance in Europe.
Mastercard and Unbanked have already established a footprint in the United Kingdom and Europe and solidified relationships with leading Web3 organizations to launch card programs with a focus on innovation in the payments space. Through this initiative Unbanked and Mastercard are committed to enabling the issuance of cryptocurrency powered card programs focused on simplicity, security, and consumer protections.
'At Mastercard we believe in offering choice to consumers and businesses on how they want to pay and be paid. This initiative with Unbanked is to testament to that as we work to accelerate issuance of crypto cards and empower choice in the market, knowing that it comes with the safety, security and protections they would expect from our network.' Christian Rau, Senior Vice President Fintech and Crypto Enablement for Mastercard Europe.
Unbanked has worked with the Litecoin Foundation to offer the Litecoin Card to residents of the United States for more than two years. With the Unbanked and Mastercard partnership, the Litecoin Card program will be made available to residents in the UK and Europe – reaching approximately 84% of Europe's population. Litecoin is one of the oldest and most used cryptocurrencies on a global scale, and was...
|Buy Gift Cards With Crypto on BuySellVouchers Gift Card Marketplace
PRESS RELEASE. The popular online gift card exchange BuySellVouchers now accepts Binance USD (BUSD) as payment. With thousands of customers and sellers worldwide, BuySellVouchers has become one of the most significant gift card marketplaces which accepts crypto payments. To further serve its diverse customer base, BuySellVouchers marketplace continues to add new cryptocurrencies.
E-Vouchers and e-Gift cards have grown in popularity as more and more people choose to do their shopping online. Recent events, like the COVID-19 outbreak, have accelerated the trend toward today's enterprises' widespread use of online platforms.
The gift card trading industry continues to grow, which is now worth millions of dollars. The problem is that many of these online marketplaces need more user-friendliness and a more accessible environment. This also applies to the variety of payment methods and the size of commissions.
With BUSD as a payment option, BuySellVouchers has provided its customers with a one-of-a-kind buying experience that combines affordability and adaptability.
Currently, you can pay with the following cryptocurrencies on the BuySellVouchers marketplace: Tether ERC20 (USDT), Tether TRC20 (USDT), Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and Binance USD (BUSD). You can also pay with electronic money, such as: Perfect Money, Advcash and Webmoney.
If we continue to talk about the ease of use of the marketplace, then it is important to note that BuySellVouchers marketplace su...
|Donald Trump Trading Card NFTs Skyrocket in Value Despite Being Mocked f...
After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump's NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card collection's floor value is now .49 ether or roughly $578.Trump NFTs Sell out, Cards Quadruple in Value on Opensea, Left-Leaning Political Commentators Are Outraged
Donald Trump once said in 2019 that he was not a fan of bitcoin (BTC), and today the former president has leveraged blockchain technology to release his NFT trading cards. The collection of 45,000 cards features images of Trump dressed as Superman, an astronaut, a cowboy, and many other designs. However, there's been accusations that the team behind Trump's NFTs used stock images from Shutterstock and left the Shutterstock watermarks on the NFT photos.
Half the people mocking Trump for selling NFTs today were silent when he was selling out our nation's future through record inflation.
- Libertarian Party (@LPNational) December 15, 2022
Despite the claims, Trump's NFT cards have been very popular and during the last 24 hours, cryptoslam.io stats show Trump's collection is the second-largest in sales behind Bored Ape Yacht Club (BAYC). Trump NFT sales increased by 50.19% during the past 24 hours and there's been $3,597,251 in sales. The $3.5 million in sales was across 4,749 transactions and 1,839 buyers and 2,155 sellers.
Good morning and ...
|Trump Launches NFT Card Collection — Sweepstake Winners Could Dine...
The former 45th president of the United States, Donald Trump, announced the launch of his new non-fungible token (NFT) trading cards on Dec. 15, 2022. Trump revealed the NFT collection via his Truth Social account and the former president told his fans that the NFTs would “make a great Christmas gift.”Former President Drops the Trump Trading Card NFT Collection Minted on the Polygon Network — Collection Offers Entry Into a Sweepstakes With Unique Trump-Related Prizes
Donald Trump hopes to make America great again as the businessman and media personality announced his very own NFT collection on Thursday. The NFTs can be viewed at collecttrumpcards.com and according to the web portal, Trump’s NFT trading cards are minted using the Polygon blockchain. The reason Trump leveraged Polygon is because the network “describes itself as eco-friendly and carbon neutral, which makes it better for the environment.” Trump’s social media account on Truth Social announced the NFT collection’s debut.
There is a ZERO PERCENT chance that the core MAGA audience who might purchase Trump NFTs actually understands what NFTs are. Gonna be a lot of angry people tweeting when they don't get a pack of cards and a stick of bubble gum in the mail. #MajorAnnouncement
— VAN (@RightHandVAN) December 15, 2022
“Major announcement,” Trump wrote. “My official Donald Trump Digital Trading Card collection is here! These limited edition ...
|Visa Terminates FTX Debit Card Program
The world's largest payment processor - Visa - has terminated ties with FTX less than a month after introducing a new debit card program.
Deeming the situation with the debt-ridden cryptocurrency exchange 'unfortunate,' Visa's spokesperson told Reuters that the company is 'monitoring developments closely.'
The financial services company's official statement read,
'We have terminated our global agreements with FTX and their U.S. debit card program is being wound down by their issuer.'
Visa announced a collaboration with FTX in October this year to launch account-linked Visa debit cards in 40 new countries.
The focus of the partnership was the expansion of the debit card program to Latin America, Asia, and Europe after its introduction to US customers.
FTX and 130 affiliated companies, including its sister trading firm Alameda Research, filed for Chapter 11 Proceedings in the United States on November 13.
Sam Bankman-Fried resigned as CEO of the company. His position was taken over by the veteran Wall Street bankruptcy lawyer, John J. Ray III, who notably served as the chairman of the disgraced energy behemoth - Enron - in the early-mid 2000s.
SBF, on the other hand, has faced tremendous backlash from the crypto community as the drama unfolded last week.
FTX started the year with a $400 million Series C funding round, taking its valuation to over $32 billion.
In yet another related development, US-headquartered crypto exchange Kraken announced freezing the accounts associate...
|Kinesis Money Launches Virtual Crypto Card
[PRESS RELEASE - London, United Kingdom, 1st November 2022]
Kinesis Money, the digital asset utility platform, launched the Kinesis Virtual Card, enabling the global community to spend their crypto holdings in real-time, with instant fiat conversion, anywhere in the world.
Powered by BAANX, the Kinesis Virtual Card introduces cryptocurrency as a monetary alternative to over 1 billion people in 61 countries across Latin America, Europe, the UK, Canada, and Oceania. Operated through the Mastercard payment network, the Kinesis card allows crypto holders to instantly sell their digital assets and use the proceeds to transact at 80 million locations globally.
With inflation soaring worldwide, people are seeking alternatives to devaluing fiat currency. Accessible via mobile in minutes, the Kinesis Virtual Card brings the everyday utility of cryptocurrency to those wishing to exit faltering economic systems. Its target market includes Argentina, which is expected to hit 100% inflation by the end of 2023.
The card supports 10 leading digital assets including Bitcoin (BTC), Ethereum (ETH), USDC, and Kinesis’ native gold and silver-backed stablecoins, KAU and KAG. Additionally, through Kinesis’ usage-based yield system, KAU and KAG spenders earn a proportionate 10% share of all transaction fee revenue paid back at the end of each month.
In Q4 2023, Kinesis is set to launch Kinesis Pro, a professional crypto trading platform offering high liquidity, institutional-grade secur...
|Blockchain.com Launches Crypto Visa Card With 1% Cashback Crypto Rewards
Crypto firm Blockchain.com has announced the launch of a new crypto-centric pre-paid Visa card and so far, 50,000 users have registered for the waitlist signup. In addition to launching its crypto Visa card powered by the card issuing platform Marqeta, Blockchain.com Visa users will earn 1% back in crypto whenever they spend funds using the card.Blockchain.com Introduces Crypto Visa Card
Blockchain.com is joining the likes of Crypto.com, Ripio, Bitso, Coinbase, Bitpay, Blockfi, and FTX by announcing the launch of a new crypto-loadable pre-paid Visa card. According to the announcement on Wednesday, Blockchain.com Visa users can “spend from a crypto balance fee-free and offer the opportunity to earn crypto rewards.”
Moreover, 50,000 registered users have already signed up for the company’s new crypto payments card. “As one of the crypto industry’s oldest and most trusted platforms, we’re excited to roll out the natural next step to make crypto easy to use in the real world and accessible to as many people as possible,” Blockchain.com’s CEO Peter Smith said in a statement sent to Bitcoin.com News on Wednesday.
This is a prime example of digital assets making their mark on the existing financial services industry, as we shape the future of (mainstream) finance.
Blockchain.com’s Visa card announcement follows the firm’s multi-year partnership deal with the Dallas Cowboys quarterback Dak Prescott. The company...