Cryptocurrency News Official TheBitTimes.com

Nuvei, a Canadian fintech company, partners with credit card giant Mastercard to offer instant payout capabilities in Asia-Pacific. The partnership will allow Nuvei to offer instantaneous payout capabilities for their customers in the APAC region by using Mastercard Send. Nuvei’s users will be able to process payouts, including business-to-consumer operations and funding transactions of 1.5 billion for credit, debit, and prepaid Mastercard cards. You might also like: Mastercard and Binance to terminate partnership in September Mastercard is one of the biggest credit card companies, established in 1966. In recent years, the company has been actively involved in the cryptocurrency industry. It has recognized the potential of digital assets and taken steps to integrate cryptocurrencies into its network. In February 2021, Mastercard announced its intention to support a limited number of cryptocurrencies on its network. This move was seen as a significant step towards mainstre...

The Singaporean branch of the nonprofit humanitarian organization Red Cross has partnered with the crypto payments gateway, Triple-A, to allow crypto donations . People can now donate four digital currencies — Bitcoin (BTC), Ethereum (ETH), USDT, and USDC. According to an announcement by Singapore Red Cross, a payment gateway is provided by Triple-A. Moreover, the nonprofit claims that payments are compatible with all wallets. Triple-A provides locked-in exchange rates. You might also like: Singapore grants payment institution license to Blockchain.com However, Singapore Red Cross stated that crypto payments are not tax-deductible. Instead, users can donate funds via their credit cards to obtain a tax deduction. Per the announcement, all crypto donations will fund our local humanitarian work, which supports isolated seniors, persons with disabilities, children, youth, and families from disadvantaged backgrounds. This is not the first dive into the crypto world take...

With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation. In one of the more striking early scenes from P.T. Anderson’s 2007 film, There Will Be Blood, there is a gas explosion that destroys the drilling rig set up by oil tycoon Daniel Plainview. Noticing one of his employees observing the situation dejectedly, Plainview rebukes the man, saying: “What are you looking so miserable about? There’s a whole ocean of oil under our feet. No one can get at it except for me!” Access to and possession of that oil would catapult Plainview, like it did many of his real-world counterparts, to the highest stratosphere of wealth. These days, rather than turning paupers into princes, oil more often serves as a means of transforming princes into the owners of the world’s biggest sports teams. But one can be forgiven for seeing parallels in the mania of that time and today’s focus on what is currently one of the most ...