Mastercard to acquire CipherTrace in order to create choice and boost trust for users

It was a big surprise for many when Mastercard announced that it was acquiring CipherTrace. This pending acquisition is no doubt one of the strategies of Mastercard to position itself not only in the emerging crypto economy but also leverage crypto innovation to gain a competitive edge in its traditional playground.According to Ajay Bhalla, president, Cyber & Intelligence at Mastercard, "[d]igital...

Paypal to enable customers trade crypto and transfer crypto to third-party wallets

Since the launch of Paypal Crypto in March 2021, Paypal has been increasingly bullish about creating more choices for Paypal customers who wish to buy with crypto, purchase crypto, and now trade crypto and be able to transfer their crypto to third-party wallets. Enabling crypto trading and third-party transfers will be part of Paypal’s next roll out of new cryptocurrency services...

JPMorgan now allows its retail customers to access crypto asset investments.

JPMorgan Chase will now allow its retail customers to enjoy access to crypto-asset investments. These are retail investors. A global leader in financial services offering solutions to corporations, governments, and institutions, JPMorgan Chase CEO, Jamie Dimon, once described bitcoin as a fraud.Available from 19 July 2021, this new retail-investment service is available to all JPMorgan Chase wealth-management clients who request unsolicited crypto...