Tag: cryptocurrency

Mastercard will soon permit crypto payments in Web3 using USDC settlements

Jennifer Goula
Crypto payments - Mastercard credit card

The move is made via a partnership with Immersve using its decentralized protocols for real-time transactions. Mastercard’s new partnership with Immersve, a Web3 crypto payment protocol, will soon make it possible for users to use cryptocurrency to complete purchase transactions in-person, online and in the metaverse. Consumers will be able to use the Mastercard network for shopping with cryptocurrency. Once the crypto payments have been successfully sent from the user’s end, a US dollar-backed stablecoin called USD Coin, which is issued by Circle, is converted into fiat so that it…

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How Is Blockchain Changing The Finance Industry?

Guest Post

The global financial system deals with almost trillions of dollars and billions of people every day. But even so, it’s full of many problems, causing frustrations over delays, extra fees, and tedious paperwork, which only opens up opportunities for crime and fraud. In fact, almost 45% of financial intermediaries across the tech and professional services sector suffer from daily crime on a daily basis. For this reason, it’s almost not surprising to witness how regulatory costs only continue to soar higher while still remaining a worrying matter for many bankers.…

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Block is working on creating a new crypto wallet gadget

Sam Lambert
Crypto Wallet - Cryptocurrency

Jack Dorsey’s company formerly known as square is using a hexagonal device for the purpose. Block, Jack Dorsey’s mobile payment company formerly called Square, is currently working on a new gadget that will work as a crypto wallet. The hexagonal device has a finish that makes it look as though it is one of several types of rock. These hexagonal rock-like crypto wallet gadgets are equipped with USB ports and, according to an image tweeted by Block hardware head Jesse Dorogusker, it may also feature a fingerprint reader. That said,…

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Most cryptocurrency owners would use it to buy things through a mobile wallet

Sam Lambert
Mobile wallet - Cryptocurrency - Bitcoin - Mobile

Over one third of crypto-owning consumers aged 18 to 54 would shop with their digital coin. About 67 percent of cryptocurrency owners between the ages of 18 years and 54 years old would use their digital coin in a mobile wallet to make purchases, according to a Cantaloupe Inc. study. The digital payments company’s survey showed that consumers most likely to own crypto coin are 18 to 34. Thirty seven percent of crypto owners are 18 to 34 years old, and 33 percent are aged 35 to 54 years old.…

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Mark Zuckerberg’s Diem cryptocurrency in talks for sale

Jorge Gonzalez
Diem Cryptocurrency - talks -discussion

The Meta CEO’s botched digital currency is considering a sale of assets, say recent media reports. Meta CEO Mark Zuckerberg’s efforts to create his own Diem cryptocurrency are crumbling as regulators apply growing pressure. The association overseeing the digital currency is discussing a sale of the crypto’s assets. The Diem cryptocurrency is overseen by the Diem Association, which is now considering returning capital to its investors by selling its assets, said a recent Bloomberg report. An association representative declined the opportunity to immediately comment. That said, according to the report,…

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