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Mastercard is set to launch a cryptocurrency payments card


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Mastercard is set to launch a cryptocurrency payments card—supporting 14 cryptocurrencies, including the U.S. dollar-pegged stablecoin tether, bitcoin, ethereum, BNB, cardano, solana, XRP and others—after striking a deal with Binance.

"Mastercard’s plan to integrate crypto could be an eye-opener for its competition like Visa, who may follow in Mastercard’s’ footsteps, in order to lead the payments industry in this sector," Marcus Sotiriou, an analyst at the digital asset broker GlobalBlock, said in emailed comments.

The crypto card will let users pay for everyday purchases using the crypto they have in their Binance accounts. The card converts cryptocurrencies into fiat currency at the point of sale and will first be launched in Argentina ahead of a planned wider rollout that will support some 90 million online and physical stores.


I hate to link a Forbes piece, after they pulled the GG resign article, but here it is:-



"This signals that consumers see utility in having a Visa card linked to an account at a crypto platform," Visa chief finance officer Vasant Prabhu told CNBC at the time. "There's value in being able to access that liquidity, to fund purchases and manage expenses, and to do so instantly and seamlessly."

One of the SEC's arguments in the Ripple case is XRP has no utility - https://www.crypto-law.us/the-secs-baseless-utility-argument-lacks-utility/

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