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Visa and Mastercard’s Latest Major Strides in Cryptocurrency Adoption

Major payment providers Visa and Mastercard are propelling the cryptocurrency adoption with a series of new partnerships and initiatives, responding to the increasing demand for digital assets and the growing interest in blockchain technology.
Visa and Mastercard’s Latest Major Strides in Cryptocurrency Adoption

Binance.US Backs Out of $1B Voyager Asset Purchase Deal; OpenAI Closes $10B Funding Round | Cointime Weekly Apr.23 – Apr.29

Binance, FTX plans to restart Japanese exchange; PayPal subsidiary Venmo to introduce cryptocurrency transfers; Visa to develop Brazilian blockchain-powered CBDC project; step-by-step guide to asset tokenization.
Binance.US Backs Out of  $1B Voyager Asset Purchase Deal; OpenAI Closes $10B Funding Round | Cointime Weekly  Apr.23 – Apr.29

Crypto Morning Briefing: Mastercard Teaming With Solana, Polygon on New Crypto Credential Standards

Visa to Develop Brazilian Blockchain-powered CBDC Project; PayPal Extending Crypto Transfers to More Than 60 Million Venmo Customers
Crypto Morning Briefing: Mastercard Teaming With Solana, Polygon on New Crypto Credential Standards

Visa to Develop Brazilian Blockchain-powered CBDC Project

The payments giant Visa has unveiled a new blockchain and central bank digital currency (CBDC) project in Brazil. Per the Brazilian media outlet Livecoins, the firm was selected by the Brazilian central bank to “explore” “innovative” on blockchain technology-powered “usage cases” for the prototype digital real.

Mastercard Says Expanding Crypto Card Program

Mastercard is planning to expand its cryptocurrency payment card initiative with new partnerships with crypto businesses. The company's head of crypto and blockchain, Raj Dhamodharan, stated that Mastercard is "really quite enthusiastic" about the underlying blockchain technology that powers cryptocurrencies.

Crypto Evening Briefing: S Korean MPs to Create Law that Distinguishes CBDCs from Crypto

South Korea is reportedly moving closer to launching a central bank digital currency (CBDC), with a new draft law set to create legal terminology for CBDCs.
Crypto Evening Briefing: S Korean MPs to Create Law that Distinguishes CBDCs from Crypto

Visa Announces Ambitious Crypto Product Roadmap Tapping on Ethereum Network

Visa is reportedly hiring senior software engineers to help build scalable Web 3.0 products and drive mainstream adoption of public blockchain networks and stablecoin payments. The company is searching for engineers with a good understanding of public and permissioned distributed ledger technology (DLT) networks, security protocols, and private key custody, as well as Layer 1 and Layer 2 solutions and experience writing smart contracts using the Solidity programming language. Visa is likely to tap the Polygon network to scale its Ethereum smart contract capabilities in Web 3.0 development. The company has already made investments in the NFT and stablecoins market and is working with central banks to help scale the adoption of CBDCs. Visa's CBDC Payments Module is designed to provide an on-ramp for CBDC to existing payment networks.

Visa Hiring Crypto Engineer With Focus on AI-Written Smart Contracts

Visa is seeking to hire a software engineer with experience in using AI-assisted engineering tools to write and debug smart contracts, according to a tweet by Cuy Sheffield, Visa's Head of Crypto. The company is specifically interested in engineers with experience using GitHub Copilot and other AI tools.

Bitcoin Lightning Network is 1,000x cheaper than Visa and MasterCard: Data

Fresh data from Glassnode demonstrates that Bitcoin's (BTC) Lightning Network is significantly cheaper to use than legacy payment networks.  The median fee rate, or the cost of sending value across the Lightning Network, is 0.0029%, 1,000 times cheaper than that of MasterCard of Visa payment processors. 

Bitcoin Market Capitalization Surpasses Prominent Companies, Secures 8th Spot on List

Bitcoin's market capitalization has reached $544.16 billion as of April 7, surpassing the market caps of several large companies such as Visa and LVMH, and securing the eighth spot on the list. The greater a cryptocurrency's market valuation, the more influential it is thought to be, making market capitalization a crucial factor in ranking various cryptocurrencies.