Crypto Biz: Did crypto winter scare off Visa and Mastercard?

Crypto cycles aren’t for the faint-hearted. Because the business continues to evolve from the cypherpunks into the mainstream, we will count on lots of rising pains. The dumpster fireplace that was 2022 could have scared off many corporations involved in exploring the sector. Living proof: Visa (NYSE:) and Mastercard’s embrace of crypto could have hit a snag due to the bear market and unclear laws.

In accordance with a brand new report by Reuters, the bank card giants are halting the launch of sure crypto merchandise till market circumstances and the regulatory surroundings enhance. Cuy Sheffield, who heads Visa’s crypto division, wasn’t happy with the report, reassuring the market that Visa may be very a lot dedicated to seeing via its crypto ambitions.

Breaking: Visa and Mastercard (NYSE:) halt new crypto partnerships — Report

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Earlier than you go: Is Binance in bother?

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