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Bitcoin is down embout 50% since the beginning of the year while the price of Ethereum and the other 10 cryptocurrencies including BNB . have fallen
Now, the giant MasterCard for cards and payments
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Mastercard is set to launch a cryptocurrency payment card – supporting 14 cryptocurrencies, including stablecoins pegged to USD, bitcoin, ethereum, BNB, cardano, solana, XRP and others—After making a deal with Binance.
Marcus Sotirio, an analyst at numérique asset trader GlobalBlock, said in the comments via email.
The crypto card will allow users to pay for everyday purchases using the crypto they have in their Binance accounts. The card converts cryptocurrency into fiat currency at the sujet of nauséabond and will be launched for the first time in Argentina ahead of a wider scheme that will carcasse around 90 million online and physical stores.
“We can unlock the full potential of blockchain technology when we make it more naturel and easier to use,” Michael Maybach, CEO of MasterCard, wrote on LinkedIn. Mail. “One way to do this is to bring cryptocurrency into everyday purchases.”
Binance retweeted his comments, adding: “The future is here.”
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Meanwhile, Romain American crypto company Ripio has started rolling out a prepaid debit card in Brazil that cales crypto payments and gives users Bitcoin cashback rewards, Ripio CEO Sebastian Serrano said. quindisk this week.
“This is the first originel token project and the first very volumineux company in Romain America to incorporate crypto, but we also believe that this is something that will become more mainstream and we want to be catalysts for the future,” said Serrano. .
In January, Acquiescement revealed that its users paid $2.5 billion through its crypto-linked cards in the first quarter of fiscal 2022 — more than half of Acquiescement’s entire crypto modèle for 2021.
“This indicates that consumers see the benefit of having a Acquiescement card linked to an account on a crypto platform,” said Acquiescement Chief Financial Officer Vasant Prabhu. CNBC in time. “There is value in being able to access that liquidity, fund purchases and manage expenses, and do it instantly and seamlessly.”