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Mastercard, Visa play down stablecoin threat

Payments Dive

As a result, businesses are rushing to embrace the new digital currency typically pegged to the U.S. Mastercard Chief Product Officer Jorn Lambert contended that 90% of the current stablecoin volume is for trading in other cryptocurrencies, such as bitcoin. “It Sign up A valid email address is required.

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PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma)

PYMNTS

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. Privacy And Security.

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Bitcoin Daily: French Tobacco Shops Have Bitcoin For Sale; China Mobile Creates Blockchain Water Purifier

PYMNTS

In other news, Engiven said it has rolled out a platform to help nonprofits learn how to take donations through digital currency, Venture Beat reported. The company seeks to fill a void in a market, where nonprofits may lack the knowledge or technology to take in cryptocurrency donations.

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Bitcoin Daily: Bank Of Japan Pushes Back On Cryptocurrencies; Venezuela President Demands Consumer Access To Petro Crypto

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European Central Bank (ECB) Executive Board Member Benoit Coeure has asked financial regulators to create a framework for crypto projects ahead of Facebook’s launch of its own digital currency, Libra. Bitcoin has dipped below $11,400, causing most of the top 20 cryptos to trade sideways. Bitcoin is currently down by 0.10

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Libra Head Calls Bitcoin Volatile

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The head of Facebook’s Libra project said he doesn’t consider bitcoin to be a currency because it’s simply too volatile. “I I don’t think of bitcoin as a currency. I see it as digital gold.”. By comparison, Facebook’s Libra cryptocurrency will be tied to currencies like the U.S.

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