Have Visa and Mastercard been averted by the crypto winter?
Press Release

Have Visa and Mastercard been averted by the crypto winter?

written by John Murphy | March 4, 2023

The head of the crypto from Visa has shoved aside the statement that the company is becoming hesitant due to the downturn in the cryptocurrency market.

Crypto trading is much like a gamble pretty much unpredictable. Which is why they say that it’s not for the weak-hearted. We can expect a lot on the way as the company has evolved from the cypherpunks and mainstream. 2022 has been a roller coaster ride for cryptocurrencies which must have scared off many investors.

The news of the credit card giants came forward that they have halted their partnership with crypto. Later a report revealed from Reuter that it was not halted but in fact, the giants pushed back the launch of certain products and services in collaboration with crypto for the time being. However, the Visa head of crypto Cuy Sheffield denied all such reports and stated that the credit card company is ready for all of the services to begin.

Other than here you will find more about the decentralized Twitter alternative by Jake Dorsey, Goldman Sach is hiring digital asset professionals, and Visa and master card halting their collaboration with crypto.

Visa and Mastercard Discontinued their new crypto partnerships

lately, the news of Visa and Mastercard halting their partnership with crypto was going rogue in the industry. Reuters stated that Visa and MasterCard have decided to delay the launch of their products and services as they find regulatory measures of crypto unreliable. Also due to the following frauds and bankruptcies that took place in the sector like FTX, Voyager, Genesis, Celsius, etc. A visa spokesperson said, “Recent high-profile failures in the crypto sector are an important reminder that we have a long way to go before crypto becomes a part of mainstream payments and financial services,” nonetheless the Visa head Cuy Sheffield later denied all statements and told in a tweet that Visa was all up for the collaboration without any delays.

Jack Dorsey’s Twitter alternative is now on the app store

Bluesky is the new Twitter alternative in the market. jack Dorsey created bluesky a decentralized social network. Even though it’s on the app store now but for now only selective people can use the app. The initial look of Bluesky reflects the Twitter look however, it is allegedly different as it is built on an independently operating decentralized system whereas Twitter runs on a centralized system that is run by an entity. Dorsey highlighted the integration of Bitcoin in Bluesky but nothing is confirmed yet.

Goldman Sach is Hiring new digital asset professionals

Despite tightened budgetary constraints Goldman Sach is looking to hire more employees specialized in digital assets. Matthew Mcdermott the digital asset lead of Goldman Sachs has stated that the company is much more positive about exploring crypto applications and for that, they will need more employees. there are already 70 people in Goldman Sach’s digital asset unit. Unlike before when Glodman use to call out crypto he has been embracing all of the crypto sector and its full potential.