Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment.

Bybit is set to launch a new debit card offering that will allow users to make payments and withdraw cash using cryptocurrency holdings.

Bitso, a leading Latin American crypto exchange, launched a debit card in Mexico in partnership with Mastercard, the company said Thursday.

He says Visa continues to partner with crypto companies to improve fiat on and off ramps as well as progress on our product roadmap to build new products

Despite making multiple advances in opening their business toward the cryptocurrency sector, payment giants Visa (NYSE: V) and Mastercard (NYSE: MA) have decided to put on hold their further venturing into the sector due to fears over its stability.

Mastercard and Visa are holding off on their crypto integration plans in the wake of several turbulent events that have rocked the cryptocurrency space in the last year, according to Reuters.

Mastercard and Visa are holding off on their crypto integration plans in the wake of several turbulent events that have rocked the cryptocurrency space in the last year, according to Reuters.

While rules and regulations regarding crypto are still taking shape worldwide, stablecoins’ value in facilitating international settlement and cross-border payments has earned recognition.

U.S. President Joe Biden nominated Ajay Banga to be the new leader of the World Bank – an executive who’s been critical of the crypto industry in the past. 

Crypto can now be accepted for online purchases wherever Mastercard is accepted — at least for users in Australia and New Zealand. Web3 tech innovator Immersve has partnered with Mastercard to enable consumers in the two countries to spend crypto using the Mastercard network.