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Russian rivals for Visa, Mastercard tested by stricter sanctions

As Visa and Mastercard move swiftly to limit their business in Russia, their nascent rivals face a challenge to fill the gap.

Jack forestellVladimir putinSanjay sakhraniScott johnsonRussia national payment card systemTinkoff bankNational payment card systemPso contentPolitics and policy

Econ Corp Services DBA Investorideas com: Fintech Sector Snapshot: Artificial Intelligence to Play a Major Role in the Future Growth of the Credit Card/Payment Industry

Econ Corp Services DBA Investorideas com: Fintech Sector Snapshot: Artificial Intelligence to Play a Major Role in the Future Growth of the Credit Card/Payment Industry
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Visa becomes first card network to settle transactions in cryptocurrency

Visa becomes first card network to settle transactions in cryptocurrency 6 hours ago We missed this earlier: Visa Inc. became the first major card network to settle transactions in crypto-currencies, with the direct acceptance of payments in USD Coin (USDC), the company announced on March 29. The card payments network used the Ethereum blockchain to carry out the settlement. USD Coin is a stablecoin whose value is pegged to the US dollar. Visa chose USDC as its first digital asset because of its demand, stability, and security, the company said in a separate blog post. Visa has partnered with Crypto.com to offer the USDC settlement service and is expected to add more partners later this year.

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What s driving the Bitcoin price back towards new record highs?

Bitcoin(CRYPTO: BTC) price has been on a tear again over the past week. At the current price of US$58,965 (AU$77,586), Bitcoin has gained 16% since this time last week. Not bad for the world’s largest crypto, which has again broken through the US$1 trillion market cap to reach US$1.1 trillion at the time of writing. And it puts Bitcoin back within 4% of its all-time high of US$61,557, hit on 14 March this year. Although this past week’s bullish run won’t end the ‘Bitcoin bubble’ debate, it certainly adds fresh ammo for the Bitcoin bull camp, who argue this is only the beginning.

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Redirecting to Visa Becomes First Major Payments Network to Settle Transactions in USD Coin (USDC)

Redirecting to Visa Becomes First Major Payments Network to Settle Transactions in USD Coin (USDC)
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