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-FePkpi2Z.png "Mastercard posts strong quarter, moves deeper into stablecoins")
Coinbase, Mastercard in talks to buy BVNK for $2.5 billion
Coinbase and Mastercard are in advanced, separate talks to acquire BVNK, a London-based provider of stablecoin infrastructure. Source Fortune says the potential sale would value BVNK between $1.5 billion and $2.5 billion. No agreement has been reached and the talks could end without a deal. 
Mercuryo launched the virtual debit card Spend, which is powered by Mastercard and tied to a non-custodial wallet. Aimed at European users, the card operates in euros and integrates with popular payment platforms like Google Pay and Apple Pay, accessible in most regions globally. 
Tether CTO:
"The launch of PayPal stablecoin doesn’t impact Tether as the firm does not serve U.S. users. If PYUSD launches in international markets, it could have a positive impact on the crypto industry and potentially erode revenues for payment giants like MasterCard and Visa."
Co-founder of zkLend:
"PayPal will indeed bolster the perception and acceptance of cryptocurrencies, but it can lead to a diminished market share for decentralized stablecoins, threatening the very principles of decentralization that underpin the crypto space."
Analysts at JPMorgan:
"This could boost Ethereum activity and enhance Ethereum’s network utility as a stablecoin/DeFi platform. PYUSD could fill the void left by the $20 billion shrinkage of Binance's BUSD stablecoin, which was forced to shut down by U.S. regulators earlier this year."
Co-founder of Sei Network:
"The gas fees of using PYUSD will be ridiculous, which will disincentivize its usage. To help make the user experience better, PayPal will either need to subsidize transaction costs or will need to help support PYUSD on other networks with cheaper gas fees."
It's worth noting that PayPal currently serves 435 million customers globally. Mastercard targets Web3 and crypto cards
Mastercard, an international payment system, has been actively involved in the development of the cryptocurrency market in recent years. At the present time, the payment system is actively promoting its services among Web3 projects, as well as issuing cards to crypto exchanges. 
Mastercard launches a new crypto fraud protection tool
According to Chainalysis, the volume of illegal cryptocurrency transactions fell by 15% in 2022. This is due to both the bear market and the intensified struggle of financial companies against crypto-fraudsters. The new service from Mastercard is a bright example of such counteraction. 1 - 14 of 14 results