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Bitget Wallet has partnered with Mastercard and Immersve to introduce a crypto card that allows users to make purchases directly from their digital wallets at over 150 million merchants globally. Initially available in the UK and EU, the card is set to expand to Latin America, Australia, and New Zealand, offering features like transaction rewards and the ability to earn yield on idle balances.
Mastercard is launching a comprehensive infrastructure to facilitate stablecoin transactions, partnering with companies like OKX and Nuvei to enable seamless spending for consumers and flexible acceptance for merchants. This initiative aims to overcome barriers to stablecoin adoption, enhance payment options, and simplify cross-border remittances through innovative technologies.
Nikola Plecas has joined the TON Foundation to lead its global payments strategy, bringing extensive experience from his previous role at Visa Crypto. His appointment aims to enhance TON's mission of delivering decentralized services and accelerate its growth in the crypto space.
Federal Reserve Governor Christopher Waller indicates a shift towards embracing cryptocurrency, suggesting the creation of a "skinny master account" aimed at payment innovators. This account would grant direct access to Federal Reserve payment systems while imposing limits on interest and overdraft privileges, facilitating services for entities currently reliant on third-party banks.
Shopify is set to introduce stablecoin payments for its merchants, starting with a select group by late June, and expanding further in the U.S. and Europe. This initiative, developed in collaboration with Coinbase and Stripe, highlights the growing interest in stablecoins among major tech firms. The move is seen as a significant step in the evolving landscape of crypto payments.
Fireblocks has unveiled a stablecoin payments network aimed at assisting crypto and financial firms in the movement and utilization of USD-pegged tokens. With over 40 participants including Circle and Yellow Card, the network is poised to capitalize on the expected growth of the stablecoin market. This initiative aims to streamline payment processes and enhance infrastructure for traditional financial institutions exploring their own stablecoin solutions.
Coinbase has introduced Payments MCP, a tool that allows AI agents like Claude and Gemini to access blockchain wallets and perform transactions using cryptocurrency. This initiative follows the launch of the x402 Foundation, aimed at standardizing AI payments and enhancing the integration of AI with decentralized finance.
Mastercard has introduced comprehensive capabilities for stablecoin transactions, partnering with companies like OKX and Nuvei to facilitate seamless payments from wallets to checkouts. This initiative aims to enhance the usability of stablecoins in everyday transactions, supporting both consumers and merchants in a rapidly evolving financial landscape.
John Egan, Stripe's former head of crypto, is set to join Polygon Labs as chief product officer, focusing on enhancing payments within the Polygon ecosystem. Egan's move comes as Stripe intensifies its crypto initiatives, including acquisitions and the development of its own blockchain. He believes Polygon's leadership in stablecoin micropayments presents significant opportunities for user engagement and technology development.