Coinbase Answers Circle With MasterCard Replacement Aspirations
Coinbase aims to supplant payment processors like MasterCard and Visa, CEO Brian Armstrong told the Wall Street Journal. As Armstrong hints at in the interview, altering current payment processing methods would be a huge boon to bank consumers around the world. Armstrong claims that credit card processing fees amount to $500 billion. Bitcoin will slim that number down to $50 billion. I wasn't able to verify that number with Google, but the point is that many experts estimate that Bitcoin could cut transaction costs and other fees to about 10% of whatever it currently is. MasterCard and....
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Payments giant Mastercard has partnered with cryptocurrency exchange Coinbase to make non-fungible tokens (NFTs) more accessible to everyone. Mastercards can be used to make purchases on Coinbase’s upcoming NFT marketplace.
Mastercard Partners With Coinbase
Payments giant Mastercard and cryptocurrency exchange Coinbase independently announced their partnership Tuesday. Mastercard stated that the company is “Making it easier for everyone to buy NFTs,” elaborating:
We’re excited to announce today that we’re partnering with Coinbase to let....
Powerhouse bitcoin broker Coinbase - despite being one of the largest ways for Americans to acquire bitcoin - has aspirations of becoming even larger. We're talking multinational financial services large. The San Francisco-based company reportedly wants to become the VISA or MasterCard of bitcoin when it comes to processing payments on behalf of merchants, reports the Wall Street Journal. Coinbase CEO Brian Armstrong said that credit card companies are collection $500 billion in transaction fees per annum, adding that as digital currency solutions become more ubiquitous, that number will....
Quick Facts: 1️⃣ Coinbase and Mastercard are vying to acquire BVNK, a UK-based firm that integrates stablecoins into payments, cross-broder transfers, and treasury operations. 2️⃣ According to Fortune, purchasing BVNK could cost Coinbase or Mastercard anywhere between $1.5B and $2.5B. 3️⃣ The takeover talks come on the heels of the GENIUS Act being passed in […]
Circle just dropped big news. The company behind USD Coin ($USDC) is teaming up with Mastercard and Finastra to plug stablecoins into global payments. That means merchants, banks, and even your corner shop in Europe or the Middle East might soon settle transactions in $USDC and $EURC (Euro Coin). No more waiting days for international […]
The metaverse might be the next best thing for payment providers and credit card firms like MasterCard. Coinbase is adding another heavy-hitting name to it’s list of partners across the crypto exchange’s umbrella, and will look to leverage MasterCard’s resources to reduce friction in the onboarding and fiat onramping process for consumers. What seems like […]