Search results for Yellow Card
Crypto
Visa weighs $2.5 billion bid for Fireblocks
Crypto custody firm Fireblocks has denied reports that Visa is in late-stage talks to acquire it for about $2.5 billion, The Block reported on Oct. 22. Axios earlier reported the talks, citing multiple sources. Fireblocks said the report was new to it and not true at this time. A Visa spokesperson said it does not comment on rumours or speculation. Fireblocks was valued at $8 billion in a 2022 funding round.
Crypto
Mastercard teams up with Yellow Card to pilot stablecoin payments in Africa and Middle East
Mastercard will work with Africa-based stablecoin operator Yellow Card to examine ways to use stablecoins in key financial areas such as remittances and corporate payments in the Eastern Europe, Middle East and Africa region. The partners will initially focus on cross-border remittances, business-to-business settlements, digital loyalty ecosystems and treasury management. Pilot markets include Ghana, Kenya, Nigeria, South Africa and the United Arab Emirates, with a focus on safety and regulatory compliance.
Crypto
Meld raises $7 million to build Visa-like crypto network
Stablecoin services startup Meld is seeking to build a global digital asset network aimed at solving difficulties companies face when processing payroll or payments in stablecoins across multiple countries due to differing service providers. Fortune reported the company is positioning itself as a one-stop network for buying and settling stablecoins, bitcoin and ether worldwide. Meld says it works with more than 50 partners and has raised $7 million in a Lightspeed Faction-led round.