Hardware wallet firm Tangem AG is collaborating with Visa to launch a self-custodial payment solution. This collaboration introduces a Visa payment card integrated with a hardware wallet, allowing Tangem users to make payments using their crypto or stablecoin balances at any Visa-accepting merchant across Europe. Unlike traditional custodial solutions, Tangem’s card embeds a private key […]
Bitcoin News
Binance Confirms Mastercard and Visa Support for Crypto Purchases but No Binance Credit Card Issued
Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of Binance-branded credit cards. Binance Customer Support clarified that the current facilities allow the use of existing payment methods to buy […]
Bitcoin News
Paxful Slashes Gift Card Fees by 80%, Volumes and Interest Surge
Paxful, the peer-to-peer cryptocurrency platform, has announced a significant reduction in transaction fees for gift cards. The company has slashed its fees by 80%, from the industry standard of 5% to just 1%. This has already resulted in a surge in gift card volumes and trader interest according to the company. The fee reduction applies […]
Bitcoin News
Fund Your Gnosis Pay Card Using Bitcoin
PRESS RELEASE. The Kinetex team is thrilled to announce its integration with Gnosis Pay, the world’s first on-chain self-custodial account that connects the traditional payment rails to Web3 rails. This collaboration provides a straightforward and fast way to top up balances from Bitcoin, Ethereum, and other EVM-compatible tokens by swapping them to EURe via Kinetex’s […]
Bitcoin News
Crydit Unveils Revolutionary Unlimited Crypto Card Redefining Crypto Payments
PRESS RELEASE. [May 25, 2024] – Crydit, with the vision of “Pay Everything,” announces the official launch of the first Unlimited Crypto Card in the industry. Crydit is poised to revolutionize the crypto payment industry, providing users of cryptocurrencies with a free, secure, and convenient payment experience. Key Features of the Crydit Unlimited Crypto Card […]
Bitcoin News
Licenced Stablecoin on/off Ramp Yellow Card to Introduce USDC on Stellar Network
The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets. Lightning Fast Transfer Speed Yellow Card, a major licensed stablecoin on/off ramp in the African continent, recently announced plans to introduce […]
Bitcoin News
Bit.Store and Gate Pay Unveil Gate MiniApp Collaboration for Enhanced Crypto Card Services
PRESS RELEASE. Bit.Store, a leading innovator in cryptocurrency card solutions, is thrilled to announce its strategic partnership with Gate Pay, one of the world’s premier cryptocurrency exchanges. This collaboration introduces a groundbreaking Gate MiniApp on Gate.io, designed to seamlessly integrate Bit.Store’s card services within the Gate Pay Ecosystem, offering users an unparalleled experience in managing their crypto finances.
Revolutionizing Crypto Payments:
The Gate MiniApp empowers Gate.io users to effortlessly apply for Bit.Store’s Virtual Cards, directly within the Gate.io platform. This integration not only simplifies the card application process but also enhances the user experience with features like rapid top-ups and withdrawals through Gate Pay, adding and deleting cards, and access to Bit.Store’s full suite of card functionalities.
Streamlined Payment Flow:
- Easy Application: Users can swiftly apply for Bit.Store cards without leaving the Gate.io environment.
- Visa and Mastercard Compatibility: The virtual cards come with the support of leading card networks like Visa and Mastercard, along with multi-card BINs, offering a broad spectrum of usage.
- No KYC Requirement: Streamlining the process further, applying for these virtual cards does not require a Know Your Customer (KYC) process, ensuring quick and hassle-free access.
- Instant Top-Ups: Leveraging GatePay, users can quickly top up their Bit.Store cards, ensuring funds are readily available.
- Effortless Management: The Mini App allows for straightforward card management, including adding or removing cards as needed.
About Gate Pay
Gate Pay is an advanced cryptocurrency payment solution tailored to meet the demands of Web3 for both merchants and individual users. This dynamic platform offers the flexibility to send and receive payments across the globe, supporting transactions in over 30 leading cryptocurrencies. With its ability to enable real-time conversions among more than 1,700 cryptocurrencies, Gate Pay ensures seamless and efficient transactions. Contact us at gatepay@gate.io.
About Bit.Store:
Bit.Store is your gateway to seamless cryptocurrency integration in the real world. Committed to safeguarding privacy and ensuring user-friendly accessibility, our virtual and physical cards allow for crypto conversions, enabling secure and simple spending across online and offline in-store platforms. Bit.Store redefines the ease of crypto asset management — store, spend, and earn with confidence and simplicity. Contact us at support@bit.store.
A Game-Changer in Crypto Finance:
This partnership between Bit.Store and Gate Pay is more than just a collaboration; it’s a transformative shift in how users interact with their crypto assets. By bringing Bit.Store’s card services into Gate Pay, we’re not only simplifying the process of spending crypto but also opening up a world of possibilities for users.
The Bit.Store Mini App on Gate.io is set to redefine the standards of convenience and accessibility in the crypto card space. Stay tuned for more updates on this exciting partnership and get ready to experience the future of crypto payments with Bit.Store and Gate Pay.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 African Countries
The leading crypto exchange Coinbase has said it will expand access to its products to 20 African countries. Coinbase also claimed that its partnership arrangement with the Africa-focused crypto exchange Yellow Card can help increase financial freedom in countries where it is lacking.
Increasing Financial Freedom
On Jan. 11, 2024, Coinbase, the U.S. cryptocurrency exchange, announced that it will expand access to its products to 20 African countries. According to a statement by Coinbase, users from the selected African countries will be able to “purchase USDC directly in our [Coinbase] Wallet app starting in February” through its partnership with the Africa-focused stablecoin platform Yellow Card.
As part of the arrangement, Yellow Card users will be able to acquire the stablecoin USDC on the Ethereum layer two (L2) chain Base. Coinbase claims that this arrangement will benefit African users, some of whom reside in inflation-hit countries, by providing them with cheaper payments and faster transfers.
Coinbase also claimed that its partnership arrangement with Yellow Card can help increase financial freedom in countries where it is lacking.
“This partnership with its emphasis on USDC will increase economic freedom in places that have lacked it, and help stand up a modern financial system where one hasn’t existed,” the crypto exchange said.
According to Coinbase, the partnership arrangement can help enhance African users’ economic freedom by making it possible for them to send remittances at fees not exceeding 2%. Currently, many Africans remitting funds to their loved ones pay fees ranging between 3% and 6%. In addition, by providing access to the USDC, the partnership will effectively connect African small and medium enterprises (SMEs) to the global financial system.
Meanwhile, Coinbase described its partnership with Yellow Card as one of its “Go Broad, Go Deep” strategies of compliant international expansion. Besides easing Coinbase’s entry into the so-called low economic freedom markets, the strategy also complements its “close engagement with local payments regulators in more mature markets.”
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What is your take on Coinbase’s foray into Africa? Let us know what you think in the comments section below.
Bit.Store Leads with a First: BRC20 Token Integration for Crypto Card Recharges
PRESS RELEASE. Lithuania, 10th Jan 2024: In a groundbreaking move, Bit.Store has become the first crypto card service to integrate BRC20 tokens (Bitcoin Originals) for card recharges. This pioneering step demonstrates Bit.Store’s commitment to innovation in the cryptocurrency space, offering users unique ways to manage their digital finances with ORDI, SATS, and RATS.
Bit.Store’s integration of BRC20 tokens marks a significant milestone, setting a precedent in the crypto card industry. By supporting Bitcoin Originals, Bit.Store is not just expanding payment possibilities but also leading the way in utilizing these unique tokens.
Bit.Store integration of ORDI, SATS, and RATS for Versatile Crypto Card Use
User-Centric, Future-Ready Solutions: The introduction of ORDI, SATS, and RATS as recharge options on Bit.Store’s virtual and physical cards allows users to convert their Bitcoin Originals into fiat for everyday use. This capability enhances the flexibility and accessibility of Bit.Store’s services, catering to an evolving market.
Phased Token Introduction: The rollout of these tokens will be gradual, with ORDI leading the charge, followed by SATS and RATS. This structured approach ensures seamless integration and user adaptability.
Expanding Horizons in Crypto Payments: The addition of BRC20 tokens to Bit.Store’s offerings underlines the company’s vision of a diverse and practical crypto ecosystem. By making Bitcoin Originals spendable in real-life situations, Bit.Store reinforces its role as a frontrunner in crypto payment solutions.
Bit.Store invites web3ers to be part of this historic development in crypto payments. Recharge your Bit.Store cards with BRC20 tokens and experience the forefront of digital currency integration. Visit www.bitstore.com for more information.
About Bit.Store
Bit.Store is your gateway to seamless cryptocurrency integration in the real world. Committed to safeguarding privacy and ensuring user-friendly accessibility, our virtual and physical cards allow for crypto conversions, enabling secure and simple spending across online and offline in-store platforms. Bit.Store redefines the ease of crypto asset management — store, spend, and earn with confidence and simplicity.
Website | Twitter | Telegram | Discord | Bit.Store Card
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
South Korea Proposes Ban on Credit Card Crypto Purchases
Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions.
South Korea Aims to Tighten Crypto Regulations with Proposed Credit Card Ban
The South Korean Financial Services Commission (FSC) is considering an amendment to its credit finance act that would ban the use of credit cards to purchase cryptocurrencies. The Jan. 3 post on the FSC website states that this move is aimed at curbing the illegal outflow of domestic funds and speculative activities associated with buying crypto on foreign exchanges. The proposed change seeks to align the treatment of virtual assets with other prohibited payment methods, addressing concerns about money laundering and the encouragement of speculative behavior.
The FSC’s initiative comes as part of a broader effort to tighten regulations on the local cryptocurrency market, which has been under increased scrutiny. At the same time, South Korea is experiencing a surge in crypto, with two Korean exchanges Upbit and Bithumb contributing over 10% to the global trading volumes. While domestic exchanges in South Korea are subjected to strict rules requiring transaction authentication and partnerships with local banks, foreign exchanges do not face the same level of regulation. The proposal, open for public feedback until February 13, 2024, aims to reduce risks and enhance the transparency and security of crypto transactions.
If passed, the amendment would prevent South Korean citizens from using credit cards to buy cryptocurrencies, effectively limiting their access to virtual assets via foreign platforms. It is possible this is connected with findings from recently introduced tax regulation that, in September 2023, revealed South Koreans held over billion worth of crypto holdings in overseas accounts for the year.
This proposal is indicative of the growing global trend of regulatory bodies seeking to establish a more controlled and secure cryptocurrency environment, reflecting the heightened attention crypto continues to accrue. The decision is expected to be reviewed and potentially implemented in the first half of 2024.
Would banning crypto purchases from credit cards substantively impact most people’s ability to acquire crypto? Share your thoughts and opinions about this subject in the comments section below.