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Mastercard launches ‘next generation’ of blockchain payments startup program

Mastercard has announced a partnership with a blockchain payments startup program. The collaboration underscores Mastercard’s commitment to exploring the potential of blockchain technology to enhance the efficiency, security, and transparency of global payment systems.

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Mastercard has announced a partnership with a blockchain payments startup program. The collaboration underscores Mastercard’s commitment to exploring the potential of blockchain technology to enhance the efficiency, security, and transparency of global payment systems.

The partnership will provide selected blockchain payments startups with access to Mastercard’s extensive network, resources, and expertise, enabling them to develop and scale innovative payment solutions. Startups accepted into the program will benefit from mentorship, technical support, and opportunities for collaboration with other industry stakeholders.

By partnering with blockchain payments startups, Mastercard aims to leverage their innovative ideas and technologies to drive positive change in the payments ecosystem. The collaboration will enable Mastercard to stay at the forefront of emerging trends and developments in the blockchain space, positioning the company as a leader in digital payments innovation.

The announcement comes at a time of growing interest in blockchain technology and its potential applications in various industries, including finance, supply chain management, and healthcare. As a leading payments technology company, Mastercard recognizes the importance of embracing new technologies to meet the evolving needs of consumers and businesses.

Through its partnership with the blockchain payments startup program, Mastercard aims to accelerate the development and adoption of blockchain-based payment solutions. By supporting startups in their efforts to bring innovative products and services to market, Mastercard hopes to drive greater efficiency, security, and inclusivity in the global payments ecosystem.

The collaboration also reflects Mastercard’s broader strategy to embrace digital transformation and stay ahead of the curve in the rapidly evolving payments landscape. By investing in blockchain technology and fostering partnerships with startups, Mastercard demonstrates its commitment to driving innovation and delivering value to its customers.

In summary, Mastercard’s partnership with the blockchain payments startup program represents a significant step forward in the integration of blockchain technology into the payments industry. By collaborating with startups, Mastercard aims to unlock new opportunities for innovation and growth, ultimately benefiting consumers, businesses, and the broader financial ecosystem.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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