Due to high-profile bankruptcies in the industry, Visa and Mastercard have delayed the launch of new blockchain partnerships until market conditions improve and a clearer regulatory framework is established. This comes after a period of improved relations between payment giants and cryptocurrency firms, with Mastercard investigating payments in USD Coin and Visa focusing on stablecoin settlements.
Visa and Mastercard have partnered with cryptocurrency exchange Binance to issue crypto-fiat-linked payment cards, but Binance has been embroiled in regulatory squabbles and has suspended US dollar deposits and withdrawals as a result of its banking partner’s decision to reduce cryptocurrency exposure.
Visa and Mastercard halt new crypto partnerships – Report
