🚀 Mastercard Partners With Mercuryo To Launch Euro-Denominated Debit Card
#Mastercard #Mercuryo #Cryptocurrency #DebitCard #EuroDenominated #NonCustodialWallets #CryptoPayments #FinancialServices
According to Foresight News, Mastercard has partnered with European crypto payment infrastructure provider Mercuryo to introduce a euro-denominated debit card. This card enables users to make purchases directly using cryptocurrencies stored in non-custodial wallets. The service will incur certain fees, including a €1.6 issuance fee, a €1 monthly maintenance fee, and a 0.95% withdrawal fee charged by Mercuryo.#Mastercard #Mercuryo #Cryptocurrency #DebitCard #EuroDenominated #NonCustodialWallets #CryptoPayments #FinancialServices
🚀 WisdomTree Introduces Tokenized Money Fund For Debit Card Spending
#WisdomTree #TokenizedFunds #MoneyMarket #DebitCard #OnChain #RealWorldAssets #Investment #Crypto #Finance #Yield #DigitalAssets #Visa #TreasuryBills #AssetManagement #WisdomTreeConnect #Blockchain #TokenizedInvestment #RWA
According to Cointelegraph, WisdomTree has announced that debit card holders can now spend directly from its tokenized onchain money fund. The asset manager has integrated the WisdomTree Government Money Market Digital Fund (WTGXX) into its Visa debit card, allowing users to fund their daily purchases through the app while potentially earning yield from the WTGXX investment until it is sold for spending, as stated by Will Peck, WisdomTree’s head of digital assets.
WTGXX is a tokenized real-world asset fund that includes United States Treasury bills and other highly liquid assets, yielding around 4.6% as of October 9. The fund currently manages approximately $12 million in assets. WisdomTree operates over a dozen tokenized investment funds, with holdings ranging from money market instruments to S&P 500 stocks and US Treasury bonds. The largest funds by assets under management are the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and the Franklin OnChain US Government Money Fund (FOBXX), with AUM of approximately $520 million and $440 million, respectively.
In September, WisdomTree launched an RWA platform called WisdomTree Connect, designed to allow users to access the asset manager’s regulated fund tokens from any wallet or blockchain network. Initially, the platform will custody users’ tokenized investment funds with third-party custodians while sending a digital record of ownership to the user’s personal wallet. WisdomTree aims to eventually expand access to its RWAs to other customer-facing platforms and apps, including retail users with self-hosted wallets.
Real-world assets, including tokenized claims on financial assets, commodities, or art, currently have nearly $13 billion in total value locked, representing a $30-trillion market opportunity globally, according to Colin Butler, Polygon’s global head of institutional capital.#WisdomTree #TokenizedFunds #MoneyMarket #DebitCard #OnChain #RealWorldAssets #Investment #Crypto #Finance #Yield #DigitalAssets #Visa #TreasuryBills #AssetManagement #WisdomTreeConnect #Blockchain #TokenizedInvestment #RWA
🚀 FV Bank And Visa Launch New Debit And Corporate Expense Cards For Global Use
#FVBank #Visa #DebitCard #CorporateExpenseCard #DigitalAssets #GlobalPayments #FiatCurrency #BTC #ETH #USDC #CashWithdrawal
According to Odaily, FV Bank has partnered with Visa to introduce new debit and corporate expense cards, enabling customers to utilize both fiat currency and digital assets worldwide. The bank announced that these cards will allow FV Bank customers in the United States and internationally to access and use US dollars and digital assets, providing global payment options at millions of locations. With these cards, FV Bank customers can spend or withdraw cash from their bank accounts using traditional funds or by converting digital assets such as BTC, ETH, and USDC.#FVBank #Visa #DebitCard #CorporateExpenseCard #DigitalAssets #GlobalPayments #FiatCurrency #BTC #ETH #USDC #CashWithdrawal
🚀 X Money Partners With Visa For Digital Wallet Services
#XMoney #Visa #DigitalWallet #FundTransfer #SecurePayments #DebitCard #PeerToPeerPayments
According to BlockBeats, on January 28, X CEO Linda Yaccarino announced on her social media platform that X Money will collaborate with Visa to offer digital wallet services to users. The services will include secure and instant fund transfers to users' X wallets via Visa Direct, connectivity to users' debit cards, and enabling peer-to-peer payments.#XMoney #Visa #DigitalWallet #FundTransfer #SecurePayments #DebitCard #PeerToPeerPayments
🚀 New U.S. Tax Measures on Cross-Border Remittances Effective January 2026
#USTax #CrossBorderRemittances #RemittanceTax #IRS #Treasury #PhysicalPaymentInstruments #MoneyOrders #CashierChecks #BankTransfers #DebitCard #CreditCard #Cryptocurrency #Stablecoin #TaxRegulations #USResidents #USCitizens #TrumpAdministration #BigAndBeautifulBill
According to Odaily, new tax measures on certain cross-border remittances in the United States took effect on January 1, 2026. Under regulations from the U.S. Department of the Treasury and the Internal Revenue Service, remittance service providers are required to withhold a 1% tax on eligible transactions and report it accordingly. The regulations specify that remittances funded by cash or similar 'physical payment instruments,' such as money orders and cashier's checks, are subject to this tax. However, transactions funded through U.S. bank account transfers or using debit or credit cards are generally exempt.
This measure is part of the 'Big and Beautiful' tax and spending bill promoted by U.S. President Donald Trump's administration. According to the IRS, the tax applies to overseas remitters, including U.S. citizens and residents.
Tax experts have noted that cryptocurrency and stablecoin transfers are not considered taxable remittance transfers. This implies that stablecoins do not fall under the category of 'physical payment instruments' subject to the tax, although the practical implications remain uncertain.#USTax #CrossBorderRemittances #RemittanceTax #IRS #Treasury #PhysicalPaymentInstruments #MoneyOrders #CashierChecks #BankTransfers #DebitCard #CreditCard #Cryptocurrency #Stablecoin #TaxRegulations #USResidents #USCitizens #TrumpAdministration #BigAndBeautifulBill
🚀 Wirex and Chimera Wallet Launch Bitcoin-Based Debit Card
#Wirex #ChimeraWallet #Bitcoin #DebitCard #Cryptocurrency #SelfCustody #OnchainBalanceManagement #FiatConversion #ApplePay #GooglePay #PreOrder #LifetimeFeeProtection #PhysicalCard #VirtualCard #NS3AI #BTC
Wirex and Chimera Wallet have announced the launch of the Chimera Card, a Bitcoin-based debit card that allows users to spend Bitcoin at over 80 million merchants worldwide. According to NS3.AI, the card offers self-custody of Bitcoin with onchain balance management and facilitates seamless fiat conversion at the point of sale. It is compatible with Apple Pay and Google Pay. Pre-orders are currently available with lifetime fee protection, and both physical and virtual cards are anticipated to be released by the end of the first quarter of 2026.#Wirex #ChimeraWallet #Bitcoin #DebitCard #Cryptocurrency #SelfCustody #OnchainBalanceManagement #FiatConversion #ApplePay #GooglePay #PreOrder #LifetimeFeeProtection #PhysicalCard #VirtualCard #NS3AI #BTC
🚀 Successful Fundraising Attributed to Strategic Investments in Key Projects
#SuccessfulFundraising #StrategicInvestments #KeyProjects #Polymarket #Rain #Stablecoin #DebitCard #Investment
Rob Hadick, a general partner, highlighted the primary reason for the successful fundraising as the strategic and timely investment in leading projects across various sectors. According to ChainCatcher, these investments include the prediction market platform Polymarket and the stablecoin debit card issuer Rain.#SuccessfulFundraising #StrategicInvestments #KeyProjects #Polymarket #Rain #Stablecoin #DebitCard #Investment
🚀 MetaMask Expands Blockchain Debit Card Nationwide in the U.S.
#MetaMask #Blockchain #DebitCard #US #Mastercard #Baanx #ApplePay #GooglePay #Crypto #Fintech
MetaMask has officially launched its blockchain debit card across the United States following a successful one-year pilot program. According to NS3.AI, the card, developed in collaboration with Mastercard and Baanx, is now available nationwide, including the previously excluded New York market. The card can be used at any merchant that accepts Mastercard and is compatible with Apple Pay and Google Pay.#MetaMask #Blockchain #DebitCard #US #Mastercard #Baanx #ApplePay #GooglePay #Crypto #Fintech
🚀 X Hires Former Aave and Base Design Lead for X Money Expansion
#XMoney #BenjiTaylor #Aave #Base #Payments #Fintech #Wallet #APY #DebitCard #P2PPayments
X has appointed Benji Taylor, previously the design lead at Aave and Base, as the head of design in preparation for the broader launch of X Money next month. According to NS3.AI, the payments product currently offers a 6% annual percentage yield (APY) on wallet cash balances. X Money is in a limited external beta phase and plans to introduce peer-to-peer payments, wallet services, and a Visa debit card linked to user accounts.#XMoney #BenjiTaylor #Aave #Base #Payments #Fintech #Wallet #APY #DebitCard #P2PPayments
🚀 Australia to Ban Card Surcharges Starting October
#Australia #Banking #Finance #ConsumerProtection #Payments #DebitCard #CreditCard #Regulation #Economy #RBA
The Reserve Bank of Australia has announced a ban on surcharges for debit and credit card transactions starting in October. Bloomberg posted on X, highlighting that this decision is expected to impact banks' revenue streams. This move aligns Australia with similar regulations already in place in Europe and the UK. The ban aims to enhance consumer protection and streamline payment processes across the country.#Australia #Banking #Finance #ConsumerProtection #Payments #DebitCard #CreditCard #Regulation #Economy #RBA
🚀 Crypto Card Usage Surges with $600 Million Monthly Volume in March
#CryptoCard #CryptoTransactions #MonthlyVolume #USDT #USDC #CryptoAdoption #DebitCard #PrepaidCard #NS3AI #CryptoPayments
Crypto card transactions have seen a significant rise, reaching a monthly volume of $600 million in March. According to NS3.AI, this marks a substantial increase from $187 million recorded a year earlier. The growth indicates a broader adoption of crypto-linked debit and prepaid cards for point-of-sale transactions, bypassing traditional off-ramp systems. While USDT continues to dominate the card volume, USDC is gaining traction, particularly in Western markets.#CryptoCard #CryptoTransactions #MonthlyVolume #USDT #USDC #CryptoAdoption #DebitCard #PrepaidCard #NS3AI #CryptoPayments
🚀 Wells Fargo Customer Loses $19,460 in Scam Involving Fake Fraud Investigator
#WellsFargo #scam #fraud #fakeinvestigator #grandtheft #fraudulenttext #bankfraud #Walmartpurchase #debitcard #NS3AI
A Wells Fargo customer recently fell victim to a scam, losing $19,460. According to NS3.AI, the scam involved a fraudulent text message about a supposed Walmart purchase, followed by a call from an individual impersonating a bank fraud investigator. Local law enforcement traced the debit card used in the fraudulent transfer to a 26-year-old suspect, who is now facing a grand theft charge.#WellsFargo #scam #fraud #fakeinvestigator #grandtheft #fraudulenttext #bankfraud #Walmartpurchase #debitcard #NS3AI