Despite the global banking turmoil and regulatory crackdown, traditional and decentralized finance (DeFi) continue to blend.
The banking turmoil and regulatory crackdown plaguing the world have not slowed the ongoing merger between traditional and decentralized finance (DeFi). The ramps connecting the two sides look even stronger despite the crazy modifications.
Take for example the recent issues where Circle issued USDC strips with $1.00 coins when it left the United States. Dollars after the collapse of the Silicon Valley Bank. Two weeks later, Mastercard boldly integrated the stablecoin into its Asia Pacific infrastructure, allowing users to spend USDC through its network. It happens folks!
This week, Crypto Biz documents the latest developments in cryptocurrency adoption around the world and how banking concerns are impacting the crypto space.
Mastercard to settle transactions for stablecoin wallet in Asia Pacific region. Mastercard which is Global payment provider has taken another step into the crypto space to allow retail customers in Asia Pacific to spend stablecoins wherever Mastercard is accepted.
MetaMask’s parent company, ConsenSys, has partnered with crypto fintech MoonPay, allowing Nigerian users to buy cryptocurrency via instant transfer without the need for a credit or debit card.