Payments giants Visa and Mastercard run more stringent checks on crypto firms than on other prospective card issuers. Would-be crypto partners must produce detailed information about their fraud and money laundering checks before being approved to offer cards to their customers. Cuy Sheffield, Visa’s head of crypto, described the process as “enhanced diligence on top […]
A civil antitrust lawsuit has been filed by the U.S. government as it tries to stop the acquisition of fintech firm Plaid by Visa. The lawsuit, filed Thursday, describes Visa as a “monopolist” that is trying to buy Plaid in order to “eliminate a nascent competitive threat that would likely result in substantial savings and […]
The Interchange: Plaid-Visa antitrust concerns highlight the value of stablecoins built on open public infrastructure
Quick Take The battle for ACH, and why stablecoins and CBDC built on public open infrastructure could offer a more competitive payment system This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.
Crypto exchange Coinbase is launching a Visa debit card in the U.S. next year. Sharing the news with The Block on Wednesday, Coinbase said it opened up a waitlist for U.S. customers who wish to get the card and will start distributing them “in the first half of next year.” Debit cards for Coinbase customers […]
ATLANTA, GA – October 13th, 2020. The global fintech platform Ternio, announced today that it has joined Visa’s Fast Track program as a cryptocurrency focused enablement partner. By becoming part of Visa’s Fast Track program, Ternio will be able to make it quicker and easier for fintechs to leverage Visa’s global payments network and introduce […]