• visa teams up USDC stablecoin
    Cryptocurrencies

    Visa teams up with USDC stablecoin

    The payment processing giant will start collaborating with Circle to help credit card issuers integrate the USD Coin into their platforms to send and receive crypto payments.

    Businesses will be able to send international USDC payments to any Visa-supported business. Still, before the funds can be spent they will need to be converted to fiat currency. USDC is back one to one with a U.S. dollar reserve, Circle says.

  • Visa Plaid antitrust
    Regulation,  Technology,  United States

    U.S. sues to stop Visa’s acquisition of payments fintech Plaid

    The Department of Justice brought an anti-trust suit seeking to block the deal for Plaid, which lets merchants bypass online debit card payment middlemen

    In Nov. 5 filing with the U.S. District Court for the Northern District of California, the Department of Justice (DoJ) claimed in a court filing that as “Visa learned more about Plaid’s efforts to launch its own pay-by-bank debit service that would directly compete with Visa, its executives grew increasingly alarmed.”

  • Coinbase launches U.S. crypto debit card
    Cryptocurrencies

    Coinbase launches U.S. crypto debit card

    United States-based Coinbase users will be able to spend crypto anywhere while earning crypto cashback of up to 4%

    On Oct 28, Coinbase announced the debut of its Visa debit card, allowing the firm’s customers to spend cryptocurrencies in online and physical stores, as well as for ATM withdrawals.

  • Levey to lead Libra
    Cryptocurrencies,  People,  Politics

    Stuart Levey to lead Libra Association, comfort critics

    A top HSBC executive and Treasury Department official in charge of financial crimes and sanctions, a big part of the new CEO’s role is to reassure central bankers, regulators, and elected officials

    By hiring Stuart Levey the Facebook-founded Libra Association is announcing that compliance—with central bankers, financial regulators, tax authorities, and criminal and intelligence investigators—will be a prime driver as it moves forward.