European based Mastercard users will be able to reload their cards with cryptocurrencies and use them around the world through the Wirex service. Mastercard granted a commercial license to Wirex, a cryptocurrency payments company, being the first of its kind to receive this membership from the financial services giant. Actions like these demonstrate that cryptocurrencies continue to conquer spaces.
Mastercard supports Wirex for the creation of cards with cryptocurrencies
Mastercard has communicated its cryptocurrency card partner program, through its alliance with Wirex, which will be the first cryptocurrency platform to obtain Mastercard’s primary membership authorization.
Wirex has grown rapidly in the past 18 months. In this time, they have achieved not only a successful expansion at the Asia Pacific location, but also the launch of their Wirex native token.
This Mastercard announcement will serve to help adoption and create innovative experiences in the cryptocurrency space. What they declared translates into greater ease and speed to bring secure cryptocurrency payment cards to the market. Without a doubt, cryptocurrencies continue to conquer spaces.
Cryptocurrency Mining: Interest Struggle Between Bitmain Co-Founders
The ongoing battle between Bitmain’s co-founders has now essentially forced the world’s largest Bitcoin miner maker into two different operations and supply chains to manufacture its flagship AntMiner gear.
Wu Jihan, the co-founder who ousted his rival co-founder Micree Zhan Ketuan last year, registered a new entity on July 16 in Shenzhen, China.
The two sides have an ongoing legal battle in the Cayman Islands. The legal decision could mark the end of their infighting, as it will determine whether Zhan still has the dominant voting power over all matters in Bitmain’s parent group.
Blockchain-based platforms help inventories
The emerging trend of system digitization coupled with the adoption of cloud-based services is growing rapidly worldwide. This trend grew significantly during the first quarter of 2020 due to the recent pandemic, COVID-19, and because of this many companies are implementing different technologies in their operations.
In this sense, Traxalt is a platform based on the Stellar blockchain, which provides decentralized tools for those companies that want to create a transparent and efficient ecosystem. For example, bulk or retail cross-border payments can be made through the Traxalt platform.
There are other solutions that the Traxalt platform could solve, such as digital inventory management. This solution could provide a more efficient and automated process for retail or cargo shipping companies. It would save costs, time and effort of human resources.
In a few lines …
- US government spending can lead to soaring Bitcoin prices (BTC), according Gemini crypto exchange co-founder and CEO Tyler Winklevoss.
- Russia today passed a major bill related to cryptocurrencies like Bitcoin. This was reported by local media through a publication.
- In a document published on July 22, the Chinese Supreme Court urges to strengthen the protection of property rights related to, inter alia, “digital currency, virtual network and data ownership.”
Blockchain trends
The Bank of Korea has reportedly chosen to establish a “Digital Innovation department” through organizational reform in the second half of this year, according to local news, on July 22.
The Bank plans to introduce a number of different technologies, such as artificial intelligence and blockchain, through the digital innovation department.
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