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 are able to anticipate loads of rising pains. The dumpster fireplace that was 2022 might have scared off many firms keen on exploring the sector. Working example: Visa (NYSE:) and Mastercard’s embrace of crypto might have hit a snag because of the bear market and unclear rules.

Based on 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 hassle?

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