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CATEGORY: banking partners

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 13, 2023 10:30

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for [...]

The post Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits appeared first on Crypto Breaking News.

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Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 19, 2023 02:10

Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future

Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a prominent player in the crypto payments sector, made an announcement regarding the termination of its current Bitpay prepaid Mastercard program. This decision [...]

The post Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future appeared first on Crypto Breaking News.

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