As the wave of interest in Facebook’s stablecoin Libra continues around the world, it appears that Mark Zuckerberg’s foray into digital currencies has a new and powerful ally. Fitch, one of the big three credit rating agencies, gave it a thumbs up in a recent report. Fitch in Love with Facebook’s Fiat-Backed Libra What is it precisely that Fitch has fallen in love with? Well, in praising the centralized token, Fitch focuses on Libra’s fiat-backed status: “A potential advantage of Libra versus other cryptocurrencies is its full backing by a reserve basket of fiat currency assets managed in a reserve
Binance, the world’s largest crypto exchange, began the year by enabling direct fiat purchases of major cryptocurrencies using debit and credit cards. The partnership with Simplex allows Binance users to buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and XRP (XRP) with Visa or MasterCard. This week, Binance expanded its fiat gateway to […]
Figure Technologies, a fintech startup founded by former SoFi CEO Mike Cagney, has closed up to $ 1 billion “uncommitted” line of credit on a blockchain.
Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards.
This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments. According to a company statement shared with Bitcoin Magazine, the service will be available to users all over the world, excluding the U.S.
Nexo (NEXO), a cryptocurrency-backed loan platform, announced Sunday that it has lowered the minimum for its crypto loans to $ 500, providing a more inclusive platform for investors with smaller portfolios. The new minimum for Nexo’s instant crypto credit lines is $ 500 with insured custody, making us the most inclusive lender & hugely increasing our market share. […]
KuCoin, a Singapore-based crypto exchange, now supports the purchase of major cryptocurrencies directly using debit and credit cards, providing the exchange’s first fiat on-ramp. Q: What should I do if I want to buy some #BTC with no #cryptocurrency in my account? A: Purchase it on #KuCoin, which provides a credit and debit card service with […]
Binance has finally joined the fiat-on-ramp party, adding support for crypto purchases using credit cards. This is made possible through its integration with payment processor Simplex, according to a press release shared with Bitcoin Magazine.
The credit card option has a daily limit of $ 20,000 per user and $ 50,000 monthly limit per user. For every transaction that goes through the Simplex gateway, a user will be charged 3.5 percent of the transaction or a $ 10 flat fee, whichever is higher.
Binance, the world’s largest crypto exchange, announced Thursday that investors can now directly purchase major cryptocurrencies using Visa and MasterCard debit and credit cards. #Binance Enables Debit and Credit Card Paymentshttps://t.co/EuJSsaHsQU pic.twitter.com/5uhflUcmXL — Binance (@binance) January 31, 2019 According to the announcement, users on Binance can now use Visa and MasterCard to buy Bitcoin (BTC), Ethereum (ETH), Litecoin […]
Binance, the world’s largest crypto exchange by daily trading volume, enabled credit card payments on its platform to allow users to purchase Bitcoin and other major crypto assets using Visa and Mastercard. The integration of credit card payments into the Binance trading platform comes after Binance CEO Changpeng Zhao (CZ) emphasized the importance of fiat on-ramps in increasing the mainstream adoption of cryptocurrencies. Why Credit Card Payments are Crucial on Binance Earlier this month, in an interview with Boxmining at the Binance Blockchain Week conference in Singapore, CZ said that it is important to strengthen the infrastructure that supports fiat-to-crypto
By CCN.com: The European Commission on Tuesday slammed Mastercard with a 570.6 million euro ($ 650 million) fine after finding the company guilty of breaching antitrust rules. According to information released by the EU regulatory body, the original fine was reduced by 10 percent because Mastercard cooperated with the Commission during the investigation. Mastercard Overcharged Customers,
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In today’s roundup of crypto chatter, Andreas Antonopoulos explains rolling checkpoints and how consensus is achieved between miners, developers, exchanges, merchants, and wallets. Chris DeRose believes new Bitcoin pundits are toxic compared to the old ones. Also, Tone Vays defends Jimmy Song’s position on using credit cards over bitcoin.
, the New York-based startup that provides crypto collateralized loans, has raised additional funds to expand its services. The startup announced that it has received an additional $ 4 million in its recent funding round in a company blog post.
The recently revealed funding round comes some months after the company raised $ 52.5 million in a round led by Galaxy Digital, including $ 1.55 million in funding from ConsenSys Ventures and PJC prior.
Akuna Capital led today’s funding round, with participation from other investors, including Digital Galaxy Ventures, Susquehanna Government Products, Morgan Creek Digital and others.
Digital asset exchange Kucoin has partnered with an Israeli startup to introduce credit card payments for cryptocurrency purchases and we’ve covered it in The Daily. Also, Coinbase has added privacy coin zcash to its professional trading platform, while Okex has delisted dozens of trading pairs with low liquidity. And in Ghana, over 100,000 investors have lost millions of dollars in a coin scam.
Ripple’s XRP can now be purchased via credit card on Changelly, an instant crypto swap exchange platform, through a partnership with Simplex, a fintech company that provides worldwide fraudless payment processing ⚡️Big news for #Ripple fans! You can seamlessly buy $ XRP on Changelly via our partner @SimplexCC from now on. Give it a shot 👉 https://t.co/ETBVJSIj2y@Ripple @RippleFeed #XRP […]
As a company that strives to always stay on the cutting edge of advancements in the cryptocurrency world, Bitcoin of America has recently launched two new exciting changes to their website. Aside from providing an exchange that allows users to buy Bitcoin, sell Bitcoin, and find Bitcoin ATMs near them, Bitcoin of America has continued to revolutionize cryptocurrency transactions by offering a buy Bitcoin with Credit Card option and sell Bitcoin to a prepaid card option.
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Bitcoin Core developer Jimmy Song has caused controversy by suggesting that bitcoin enthusiasts would be better off using credit cards as a means of payment. He described this strategy as being “more rational and convenient” than making multiple onchain transactions. His advice flies in the face of the rationale behind Bitcoin and has provoked a strong response.
NetCents cryptocurrency credit card will be accepted at 40 million merchant locations globally in an effort to directly compete with Visa and Mastercard. The company will also integrate its loyalty programme with its crypto credit cards to encourage and reward users for spending digital currencies.
NetCents To Facilitate Seamless Crypto Spending
NetCents Technology, a Canada-based payments processing company, has unveiled its new digital currency credit-card service — which will be operational in the domestic market by Q4 2018, and the European markets by early 2019. This service has been launched to make it extremely easy for cryptocurrency enthusiasts to spend their digital currency holdings.
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Cryptocurrency cards are the future. It’s obvious isn’t it. In order to make cryptocurrency friendlier and easier to spend, we need to integrate it into our daily lives. Bank cards, credit cards and debit cards are already a key part of our existence, therefore integrating a cryptocurrency credit card into our routine would be plain and simple.
Cards are convenient, easy to use and generally universally accepted. They are safe, secure and also don’t take up a lot of space.
Binance Labs, the investment wing of the leading cryptocurrency exchange, Binance, has announced that it has invested in Libra Credit – “a decentralized digital asset financial services platform.” The partnership will allow holders of Binance’s native token, Binance Coin (BNB), to use their BNB as collateral for loans in crypto of fiat currency.
BNB Holders Able to Stake Holdings to Borrow Fiat or Crypto
Binance Labs the investment arm of Binance, has revealed a partnership with the decentralized global lending network, Libra Credit. Libra Credit is a lending network based on the Ethereum blockchain, with the company planning to launch its platform in the third quarter of 2018, before also launching a mobile phone application in Q4.