{"id":303532,"date":"2023-02-28T15:30:21","date_gmt":"2023-02-28T15:30:21","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=303532"},"modified":"2023-02-28T14:54:30","modified_gmt":"2023-02-28T14:54:30","slug":"visa-mastercard-to-push-back-on-crypto-related-services","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/","title":{"rendered":"Visa, Mastercard to push back on crypto-related services"},"content":{"rendered":"

Global payment giants Visa<\/a> and Mastercard<\/a> have reportedly moved to push back on their crypto-related plans over the recent market collapse and unclear regulation, Reuters reports.<\/p>\n

Since the start of 2021, Visa<\/a> and Mastercard<\/a> have announced several partnerships with crypto firms to help users purchase crypto seamlessly. Specifically, Visa has partnered<\/a> with over 70 crypto firms, serving 80 million merchants globally.<\/p>\n

However, the recent market collapse that pushed many crypto firms, including FTX and BlockFi, into bankruptcy has forced the payment giants to rethink their crypto partnerships.<\/p>\n

Sources close to Visa and Mastercard confirmed to Reuters<\/a> on Feb. 28 that the payment giants will push back on inking new partnerships with crypto firms.<\/p>\n

In addition, the payment companies will suspend the launch of crypto-related services until market conditions and the regulatory environment improve.<\/p>\n

According to a Visa spokesperson, the recent crypto collapse indicates that crypto has a long way to become a part of the mainstream payment system. However, Visa will not change its positive stance and strategy on crypto.<\/p>\n

A spokesperson for Mastercard told Reuters:<\/p>\n

“Our efforts continue to focus on the underlying blockchain technology and how that can be applied to help address current pain points and build more efficient systems.<\/p><\/blockquote>\n

The spokesperson added that they would continue to explore more use cases of blockchain while awaiting a clear regulatory framework to forge new partnerships with crypto firms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global payment giants Visa and Mastercard have reportedly moved to push back on their crypto-related plans over the recent market collapse and unclear regulation, Reuters reports. Since the start of 2021, Visa and Mastercard have announced several partnerships with crypto firms to help users purchase crypto seamlessly. Specifically, Visa has partnered with over 70 crypto […]<\/p>\n","protected":false},"author":1378,"featured_media":303574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77873,5789,60208],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nVisa, Mastercard to push back on crypto-related services<\/title>\n<meta name=\"description\" content=\"Visa and Mastercard have moved to suspend the launch of crypto-related services until market conditions and the regulatory environment improve.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visa, Mastercard to push back on crypto-related services\" \/>\n<meta property=\"og:description\" content=\"Visa and Mastercard have moved to suspend the launch of crypto-related services until market conditions and the regulatory environment improve.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T15:30:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-28T14:54:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/visa-mastercard-crypto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Nwobodo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Nwobodo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/\"},\"author\":{\"name\":\"Christian Nwobodo\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/587b303452d5bdb2285937c263e623dd\"},\"headline\":\"Visa, Mastercard to push back on crypto-related services\",\"datePublished\":\"2023-02-28T15:30:21+00:00\",\"dateModified\":\"2023-02-28T15:30:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/\"},\"wordCount\":234,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Bear Market\",\"Partnerships\",\"Payments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/\",\"url\":\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/\",\"name\":\"Visa, Mastercard to push back on crypto-related services\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2023-02-28T15:30:21+00:00\",\"dateModified\":\"2023-02-28T15:30:21+00:00\",\"description\":\"Visa and Mastercard have moved to suspend the launch of crypto-related services until market conditions and the regulatory environment improve.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Visa, Mastercard to push back on crypto-related services\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/587b303452d5bdb2285937c263e623dd\",\"name\":\"Christian Nwobodo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-150x150.jpg\",\"caption\":\"Christian Nwobodo\"},\"description\":\"Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.\",\"url\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Visa, Mastercard to push back on crypto-related services","description":"Visa and Mastercard have moved to suspend the launch of crypto-related services until market conditions and the regulatory environment improve.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/","og_locale":"en_US","og_type":"article","og_title":"Visa, Mastercard to push back on crypto-related services","og_description":"Visa and Mastercard have moved to suspend the launch of crypto-related services until market conditions and the regulatory environment improve.","og_url":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/","og_site_name":"CryptoSlate","article_published_time":"2023-02-28T15:30:21+00:00","article_modified_time":"2023-02-28T14:54:30+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/visa-mastercard-crypto.jpg","type":"image\/jpeg"}],"author":"Christian Nwobodo","twitter_card":"summary_large_image","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Christian Nwobodo","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/"},"author":{"name":"Christian Nwobodo","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/587b303452d5bdb2285937c263e623dd"},"headline":"Visa, Mastercard to push back on crypto-related services","datePublished":"2023-02-28T15:30:21+00:00","dateModified":"2023-02-28T15:30:21+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/"},"wordCount":234,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Bear Market","Partnerships","Payments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/","url":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/","name":"Visa, Mastercard to push back on crypto-related services","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2023-02-28T15:30:21+00:00","dateModified":"2023-02-28T15:30:21+00:00","description":"Visa and Mastercard have moved to suspend the launch of crypto-related services until market conditions and the regulatory environment improve.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/visa-mastercard-to-push-back-on-crypto-related-services\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Visa, Mastercard to push back on crypto-related services"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/587b303452d5bdb2285937c263e623dd","name":"Christian Nwobodo","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-150x150.jpg","caption":"Christian Nwobodo"},"description":"Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.","url":"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/303532"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1378"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=303532"}],"version-history":[{"count":5,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/303532\/revisions"}],"predecessor-version":[{"id":303583,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/303532\/revisions\/303583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/303574"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=303532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=303532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=303532"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=303532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}