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“What powers the global economy today is regulated money in the banks,” Dhamodharan said in an interview with CryptoX. “So we’re starting with making tokenized bank deposits, so the unit of money in a bank account is a digital asset on the blockchain, bringing the same level of programmability to
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Debit cards offered through crypto payment service Wirex may stop functioning in the European Economic Area (EEA), according to a June 23 email the company sent to some of its customers. The threat of stoppage was triggered by Lithuania’s central bank revoking the license of UAB PayrNet, Wirex’s card provider.This
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The European Union debit card provider for Cryptopay has lost its Electronic Money Institution (EMI) license, according to a June 22 email sent to its customers. The company recommends to EU cardholders that they should immediately spend or transfer funds from their cards. Funds held in the app’s accounts are
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Crypto and stock trading app Robinhood has taken a new step to diversify its business portfolio by acquiring the credit card startup X1 in a $95 million deal. The fintech firm offers an income-based credit card with rewards, along with free trial and single-use credit cards. The deal is expected to
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Conflux Network, a public blockchain backed by the Chinese government, on Tuesday unveiled its first blockchain-based SIM card, or BSIM, in a collaboration with China’s second-largest wireless carrier China Telecom. See related article: China’s ‘Instagram’ gets NFT makeover with ConfluxFast factsThe BSIM card will allow users to access blockchain-based functions such
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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
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Raj Dhamodharan, Mastercard’s head of crypto and blockchain, stated that the payment company intends to grow its cryptocurrency payment card program by looking for further collaborations with crypto businesses. The move is being taken despite the recent
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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
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While the tokens will be minted on Polygon and remain at their original mint price of $99, the art, rarity traits and utility features will differ from the first collection. For starters, Series 2 includes 47,000 NFTs – 2,000 more than the first series released in December 2022. It is
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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
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