Coinspeaker
Mastercard Is Ending Crypto Card Partnership with Binance
Mastercard Inc (NYSE: MA) and crypto exchange Binance are reportedly halting their crypto card partnership in Argentina, Brazil, Columbia, and Bahrain. Reuters revealed in a report that the payment processing corporation and the exchange will end their four crypto card programs in the selected countries. At press time, there are no details on the reason for the termination or why the crypto card program is coming to an end. Meanwhile, US regulators sued Binance and its CEO Changpeng Zhao in June. The Securities and Exchange Commission claimed that Binance and CZ operate a “web of deception”. However, the crypto company has declared its readiness to defend itself “vigorously”.
Mastercard Is Cutting Binance Crypto Card Ties
A spokesperson for Mastercard said the termination would kick off on September 22 and is limited to the selected counties only. In other words, other crypto card programs offerings in partne
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