the global credit card agreements it had with FTX in the wake of the exchange's collapse.
"Recent high-profile failures in the crypto sector are an important reminder that we have a long way to go before crypto becomes a part of mainstream payments and financial services," a Visa spokesperson told Reuters, adding that Visa's crypto strategy and focus haven't changed. Reuters reported Tuesday that a Mastercard spokesperson said its efforts"continue to focus on the underlying blockchain technology and how that can be applied to help address current pain points and build more efficient systems."
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Visa, Mastercard pause crypto push in wake of industry meltdown - sourcesU.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. Harder to charge ridiculous fees and insane interest rates with a traceable chain. Meltdown 😂 PYMcsween sell
Source: Reuters - 🏆 2. / 97 Read more »
Mastercard and Visa set crypto plans on hold amid market decline: ReutersU.S. credit card giants Mastercard and Visa are pausing their crypto plans for the moment due to the market decline. It's a touch surprising Visa didn't do this sooner, after they registered trademarks for crypto assets in October. Jan-Feb monthly performance has been comparatively better than Oct-Dec so far. Wonder which companies will be stalling the bandwagon next? ? amberXBT another entry to the bottom thread
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