Mastercard Partners With Binance To Roll Out New Crypto Card to This South American Country of 47,000,000

Mastercard Partners With Binance To Roll Out New Crypto Card to This South American Country of 47,000,000
Adoption & Regulations
Like? Do Rank It! Likes

Top crypto exchange platform BINANCE is teaming up with financial services giant Mastercard to bring a new crypto card to South America.

The two companies recently announced plans to roll out the “Binance Card” in Argentina sometime during the next few weeks.

Buenos Aires-based fintech company Credencial Payments will issue the card, which aims to “bridge the gap between cryptocurrencies and everyday purchases,” according to a new press release from Binance.

The new product will allow customers to buy goods and services and pay bills using digital assets at more than 90 million Mastercard merchants across the globe. The card converts crypto assets directly into fiat currency at the time of purchase.

This isn’t the first time Mastercard has ventured into the world of crypto. In June, the firm enabled users to directly purchase non-fungible tokens (NFTs) using their credit cards without having to purchase virtual assets first.

In January, Mastercard announced a partnership with top US-based crypto exchange platform Coinbase, allowing users to purchase digital collectibles using their credit cards on Coinbase’s NFT marketplace.

Other credit card titans have also recently gotten in on the crypto action. In June, reports surfaced that American Express is working on launching its first-ever credit card that offers crypto rewards.

Furthermore, Visa has partnered with at least 65 crypto platforms, including industry giants FTX, BlockFi, Crypto.com, COINBASE and Binance, enabling consumers to convert and use digital assets to pay for goods and services.

Crypto Daily - Crypto And Financial News 11/08/2022 Ripple Buying Celsius?
japan eu eth/usd
4 hours ago

In Todays Headline TV CryptoDaily News: BitPay partners Cardlytics for cash back rewards. BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, added a reward program to its BitPay Prepaid Card. Cardlytics, a cash-back rewards platform, is managing the rewards where the BitPay cardholder automatically receives cash back on purchases. Hackers have stolen $1.4 billion this year using crypto bridges. Crypto bridges, which link blockchain networks together, have become major targets for cybercriminals. A total of around $1.4 billion has been lost to breaches on cross-chain bridges this year, according to figures from blockchain analytics firm Chainalysis. Ripple Labs 'interested' in bankrupt crypto lender Celsius' assets. San Francisco-based blockchain payments company Ripple Labs Inc is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. BTC/USD exploded 2.9% in the last session. The Bitcoin-Dollar pair exploded 2.9% in the last session. The Stochastic indicator is giving a negative signal. Support is at 22289.6667 and resistance at 24337.6667. The Stochastic indicator is giving a negative signal. ETH/USD skyrocketed 7.5% in the last session. The Ethereum-Dollar pair skyrocketed 7.5% in the last session. According to the CCI, we are in an overbought market. Support is at 1599.2733 and resistance at 1841.3733. The CCI points to an overbought market. XRP/USD skyrocketed 2.6% in the last session. The Ripple-Dollar pair skyrocketed 2.6% in the last session. The MACD is giving a negative signal. Support is at 0.3499 and resistance at 0.3887. The MACD is currently in negative territory. LTC/USD skyrocketed 4.3% in the last session. The Litecoin-Dollar pair gained 4.3% in the last session after rising as much as 5.2% during the session. The Stochastic-RSI is giving a negative signal. Support is at 55.5833 and resistance at 64.6433. The Stochastic-RSI is currently in negative territory. Daily Economic Calendar: IE Consumer Price Index The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. The Irish Consumer Price Index will be released at 10:00 GMT, Japan's Foreign Investment in Japan Stocks at 23:50 GMT, the US Continuing Jobless Claims at 12:30 GMT. JP Foreign Investment in Japanese Stocks Securities investment referrers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. US Continuing Jobless Claims The Counting Jobless Claims measure the number of individuals who are unemployed and are currently receiving unemployment benefits. JP Foreign Bond Investment The Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. Japan's Foreign Bond Investment will be released at 23:50 GMT, the US Initial Jobless Claims at 12:30 GMT, the Irish HICP at 10:00 GMT. US Initial Jobless Claims The Initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance. IE HICP The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BlackRock announces the launch of a new private spot Bitcoin trust
18 hours ago

The move comes one week after its partnership with Coinbase to provide institutional clients with crypto trading access.