Enterprise companies like Mastercard, Visa, and PayPal have shown
a lot of interest in the crypto card/reward space. With plans to
partner with many blockchain companies, Visa intends to work with
licensed and regulated digital currency platforms such as Coinbase
and Fold and create a bridge between Visa’s network of 61 million
global merchants and cryptocurrencies. With Wirecard out of the
picture, Visa quickly jumped in to fill the void of the WirecardCrypto.com partnership and launched the MCO card via
Crypto.com.
In an expansion of its current cryptocurrency program, Mastercard
is making it easier for companies in the digital currency space to
issue branded payment cards on Mastercard’s network. Wirex
became the first native cryptocurrency platform to gain principal
membership.
is making it easier for companies in the digital currency space to
issue branded payment cards on Mastercard’s network. Wirex
became the first native cryptocurrency platform to gain principal
membership.
Soon, PayPal’s 265 million users will be able to buy bitcoin via the
Venmo mobile payment app which could begin rolling out within the
next 3 months.
Venmo mobile payment app which could begin rolling out within the
next 3 months.
The cryptocurrency industry has also been making progress in the
issuance of cards as well. For example, Binance announced recently
that its payment card, Binance card, will be coming to Europe in the
next year. Developing interest in blockchain rewards, last year Nike
patented CryptoKicks—tokenized shoes on the ethereum
blockchain—and partnered with Plutus to offer cryptocurrency
rewards on Nike product purchases
issuance of cards as well. For example, Binance announced recently
that its payment card, Binance card, will be coming to Europe in the
next year. Developing interest in blockchain rewards, last year Nike
patented CryptoKicks—tokenized shoes on the ethereum
blockchain—and partnered with Plutus to offer cryptocurrency
rewards on Nike product purchases