Mastercard already provides its customers with cards allowing them to have cryptocurrency transactions, even though it does not go through its network. The payment giant also pointed out that not all cryptocurrencies will be supported on its network but it will carefully decide which ones to add. The official statement said: This is a big…
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Mastercard has also supported blockchain technology and cryptocurrency through its new programme aiming to increase its partner base for crypto payment cards. Visa and Mastercard were both initially partners of the cryptocurrency project of Facebook, Libra. They both pulled away from it but have not stopped supporting the use cryptocurrencies. In the end of May,…
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Gilberto Caldart, President for International, Mastercard said: Mark brings with him a wealth of knowledge and experience, he has a proven track record in building new and meaningful partnerships, while creating a culture which fosters new thinking and new ways to deliver. Mark has maintained a laser focus on growing our business and driving and…
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The initiative also contributes to Priceless Planet Coalition. The recently launched Mastercard platform unites corporate sustainability efforts and makes meaningful investments to persevere the environment. The Priceless Planet Coalition is pledging to plant 100 million for a period of over five years together with other partners who share the same commitment to green movements including…
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For veterans of the payment industry, it is beginning to be “Déjà vu” all over again. In the early days of Visa and Mastercard, back in the seventies, there were ongoing payment wars between the two U.S.-based card associations and banks in Europe, which preferred their home-grown services, dubbed EuroCheque and Europay at the time,…
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The cryptocurrency project of Facebook, Libra, has come a long way. The most important update is that the tech giant will not be launching the project until all regulatory "clearance" is over. With that, the project is currently delayed for at least 2020. However, as regulatory concerns grew stronger, some of the founding members of the…
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In its initial idealized beginnings, Bitcoin was intended to be another payment option at the point of sale, free from interference by bankers and a cheaper alternative for merchants. A few zealots actually predicted that Bitcoin would soon rival Visa and MasterCard at the point of sale, but that dream soon disappeared, as BTC became…
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A dynamic trio is gearing up towards the launch of a new, niche blockchain-based product that could potentially revolutionize the supply-chain industry. The three tech giants that are partnering are Mastercard, Accenture and Amazon Web Services. The companies are going to develop a blockchain-enabled supplier "tip" system that allows customers to essentially tip smaller scale…
Read moreE-banking and international payments group FairFX Group (LON:FFX) has announced the achievement of two further milestones as part of its digital banking strategic plans, with the commencement of self-issuance of Mastercard branded cards and launching a commercial finance capability to its business banking customers. Self-issuance allows the Group to consider multiple options for issuance of…
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MasterCard is one of the corporations that is big on digitalization and innovation. Currently, with around 90 of the biggest corporate giants in the world, like Google and Goldman Sachs, who are heavily investing in blockchain, MasterCard is to roll out blockchain API. According to Finextra, MasterCard has already filed for 35 blockchain patents and…
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