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 […]
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Binance Now Supports Crypto Purchases With Credit Cards
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.
Coinbase Killer? Binance Adds Direct Debit and Credit Card Purchases
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 […]
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Binance: The World’s Largest Crypto Exchange Will Let you Buy Bitcoin With Credit Cards
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
EU Smacks Mastercard with $650 Million Fine for Doing What Credit Card Companies Do Best
By CCN.com: The European Commission on Tuesday slammed Mastercard with a 570.6 million euro ($ 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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Chatter Report: Antonopoulos on Rolling Checkpoints, Vays Defends Song’s Stance on Credit Cards
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.
Also read: Hash Wars: A Successful BCH Upgrade and a ‘High Risk’ Exchange Listing
After $4M Funding Round, BlockFi Eyes Savings Account, Crypto Credit Cards
https://bitcoinmagazine.com/articles/blockfi-gives-hodlers-another-option-borrow-against-crypto-assets/
, 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.
The Daily: Kucoin Enables Credit Card Payments, Coinbase Pro Adds Zcash
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.
Also read: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market
XRP Is Now Available for Purchase With Credit Card via Changelly
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 […]
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How to Buy and Sell Bitcoin with a Credit Card and Prepaid Card
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.
Disclosure: This is a Sponsored Article
Bitcoin Core Developer Advocates Credit Card Payments Over BTC
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.
Also read: Credit Card Cartels Landed With $ 6.2 Billion Price-Fixing Bill
NetCents Crypto Credit Card to Help Increase Mainstream Adoption
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.
Jubiter Lets Anyone with a Credit Card Easily Step into the World of Crypto
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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Crypto Credit Cards Are Hot, Don’t Miss Out On The Upcoming Trend
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.
Continue reading Crypto Credit Cards Are Hot, Don’t Miss Out On The Upcoming Trend at Crypto Daily™.
Binance Labs Announces Partnership With Libra Credit
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.
Also Read: Pantera Capital Reports Lifetime Return of More Than 10,000%
BNB Holders Able to Stake Holdings to Borrow Fiat or Crypto
Binance Partners With Libra Credit to Offer Loans to BNB Holders
Binance Labs has invested in cryptocurrency loans company Libra Credit who will offer fiat and cryptocurrency loans to BNB holders using their coins as collateral.
The latest venture by the investment arm of the world’s largest cryptocurrency exchange, Binance, will take advantage of a growing demand for the liquidity of crypto-assets. Binance Labs is a social impact fund which incubates and invests in cryptocurrency and blockchain projects.
Libra Credit is branded as a decentralized digital asset financial services platform, and it has a primary focus on lending. Its initial coin offering (ICO) with the coin (LBA) ended May 5, 2018, having raised $ 26 million. Libra is planning to launch both a desktop lending platform and a mobile application for borrowers.
Credit Ratings for Unbanked With Blockchain Data Collaboration Protocol
Points (PTS), a blockchain data collaboration protocol for better credit scoring and inclusive finance, has announced $ 8 million in funding from traditional and blockchain venture capital including DHVC, Cherubic Ventures, Ce Yuan, Ontology Foundation, Nest.Bio Ventures, and Zhong Cheng Xin Credit Technology.
In an effort to make credit accessible to the world’s unbanked population of 1.7 billion people, Points uses blockchain technology and AI to develop a secure and configurable protocol that encourages trustless entities, including banks, institutions, tech companies and consumers to participate in sharing their proprietary data.
Abra Announces New Credit Card Payment Options for Bitcoin Purchases
Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post.
Up until today, users who wanted to purchase cryptocurrencies were limited to a few options that included bank deposits and wire transfers. In addition to these, the company also offers a means of buying altcoins using either bitcoin or litecoin for countries where bank wires and deposit options are unavailable.
As Bitcoin Futures Volumes Increase Credit Agencies Look to Downgrade Dealers
This past April, news.Bitcoin.com reported on the Bitcoin futures markets offered by the two derivatives giants Cboe and CME Group and how contract volumes were steadily rising. This month, while BTC-spot prices slide to significant lows, both futures products from these two companies are still seeing increased demand for contracts.
Also Read: A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9
Wells Fargo Halts Credit Card Cryptocurrency Purchases
Wells Fargo & Company, a San Francisco-based financial services giant, announced recently that it will no longer allow cryptocurrency purchases using its bank-issued credit cards.
Joining the Ranks
U.S. financial services company Wells Fargo and Company has announced that it will no longer allow customers to use bank-issued credit cards for cryptocurrency purchases.
With this move, Wells Fargo joins the ranks of other major U.S. banks who have already prohibited the purchase of cryptocurrency with their credit cards — namely, JP Morgan Chase, Bank of America, and Citigroup.
The main concern, as expressed by a Wells Fargo spokesperson, lies within the high volatility of the cryptocurrency market: