A partnership between BlackRock, Mastercard, Gemini, and Ripple recently completed tests using a regulated stablecoin to settle card payments on the XRP Ledger. This move shows how traditional financial giants are shifting from watching blockchain technology to actually putting it to work. The trial focused on RLUSD, a stablecoin designed to help banks process payments…
Tag: mastercard
Crypto Rails Go Mainstream — Inside Mastercard’s Bold $1.8 Billion BVNK Acquisition
Mastercard is set to acquire stablecoin infrastructure firm BVNK in a deal worth up to around $1.8 billion, pushing deeper into crypto rails and 24/7 payments. A Multi-Billion Crypto Purchase TradFi continues to demonstrate that they don’t want out of the crypto rails, and stablecoins appear to be the safest pathway they have found to…
Coinbase Stock Touches $360 After Positive Q3 Earnings, New Acquisition — Details
After what started as a disappointing week, the Coinbase stock (Ticker: COIN) seems to be back on a recovery path. COIN briefly climbed above the $360 level on Friday, October 31st, rallying on the positive earnings report and new developments from this week. According to a new report, Coinbase has also entered into late-stage talks…