Mastercard will extend its digital assets capabilities with the acquisition of CipherTrace which has insight into more than 900 cryptocurrencies.
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The crypto payment firm is planning to launch a “Virtual Crypto Card” to foster cryptocurrency payment adoption.
Visa is currently partnered with Coinbase, Circle and BlockFi to allow its cards to access crypto wallets on those platforms.
Cardholders earn 1.5% cashback in Bitcoin on every purchase. BlockFi is offering a 3.5% Bitcoin rewards rate for the first 90 days.
Visa Inc. is preparing its network to handle the direct processing of bitcoin payments.
Hyperledger announced that eight new organizations, including Chainstack, SIMBA Chain, SIX Digital Exchange and Visa, have joined as members of the the multi-venture, multi-stakeholder effort hosted at the Linux Foundation.