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Crypto on plastic: Mastercard supports new multi-currency crypto card announced by Wirex

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Mastercard

Breaking into new ground, Wirex is one the first of its kind, a cryptocurrency platform, that has been granted a Mastercard principal membership. The organizations together will release a brand new multi-currency card through their membership scheme. The London based crypto payment processor Wirex, which is regulated by the UK’s Financial Conduct Authority has also gained a license to issue crypto cards around Europe, taking crypto to new heights.  

Thanks to the Wirex card’s multi-currency nature, it will be supported by Mastercard and will be linked to a variety, 19 to be precise, crypto, and fiat currency accounts within the Wirex app. Although an official release date has not been issued yet, the excitement of such a card shows true movement toward generalizing the use of cryptocurrency for all, making it more accessible on a wider scale. 

The card is a bid in the attempt to encourage the use of cryptocurrency to be used for everyday payments. Wirex is also upgrading its existing rewards program enticing users to pay using crypto by offering a certain percentage back. For example, one of their rewards saw users get 1.5% back on each in-store transaction using Bitcoin. To make it more worth the users while, from now on, there will be a greater incentive in the form of 2% back on online and in-store purchases using Bitcoin, as well as up to 6% rewards on customers who are native to Wirex Token balance on an annual scheme. 

Bitcoin Transactions

(Graph showing the number of daily Bitcoin transactions. Source: Statista)

On the back of MasterCard offering the new multi-currency crypto card, Wirex is also bringing to market several other features. These include building on a partnership with payment solution company LHV. These new features, which now live in the European Economic Area include support for five new currencies which include, the Croatian Kuna, Polish Zloty, Czech Koruna Hungarian Forint, and Romanian leu. Supporting an array of currencies such as the ones stated above, the company is not only broadening their audience and reach but also helping to encourage the wider use of cryptocurrencies

One of the biggest driving forces behind including a range of currencies, both crypto and fiat are due to its popularity. Earlier, the platform hit over three million users, all of whom are active. Observing this proved to show a heightened adoption among mainstream users of crypto and those too who are not solid crypto users. This proves that even those who are not hardcore crypto users are beginning to take an interest. 

The services provided by Wirex will allow users in 130 countries to spend cryptocurrencies and fiat currencies using an existing dedicated Visa card and or your smartphone. Making life much easier and flexible for them. The multi-currency card shows strong signs of deepening the integration between the two worlds, plastic, and crypto. Both Mastercard and Visa show big promise moving forward in these areas and continue to establish a working relationship with prominent, game-changing firms. 

One of the first physical crypto cards was Coinbase’s card which was released in the US market, again supported by Mastercard and Visa payment networks. So Wirex will be the first of its kind to hit the European market and one which has both the collaboration and flexibility to be used for fiat or crypto.

MasterCard and Visa both seem to show an understanding of where to place emphasis and so are both working hard to try and get their networks working in the best way to support the future. With this in mind, MasterCard has actively sought out crypto exchanges and payment service providers to enlist in its very own and recently expanded cryptocurrency card program. Visa has also taken a keen interest as the organization is beginning to understand that crypto is gaining vast amounts of traction and if they do not begin to adopt and support it, they could miss out on huge potential.

There’s a lot to be said with how far cryptocurrencies have come and how many we now have available in comparison to when Bitcoin was first launched. The introduction of a multi-currency card also proved to us how both currencies can work in harmony together and that there is enough room in the market for both of them to be adopted by consumers, giving them the ability to pay and use them both equally.

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Currency Market

GDA Group Announces Global Fund Management

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The GDA Group, an established North American financial institution fostering the adoption of digital assets and other disruptive technologies, has launched its latest venture, Global Fund Management. The venture will provide simple and secure digital asset exposure for institutional and accredited investors.    

Our mission is to create long-term value for our investors through the identification of strategies that can generate alpha through the new digital asset class, while ensuring to also limit possible downside on any strategy. We invest across alternative asset classes through actively managed hedge funds, trading algorithms, and private equity vehicles,” said GDA Group COO Zachary Friedman. He added that “Global Fund Management looks to outperform the market and take to market the best performing fund vehicles for every niche of the digital asset ecosystem.”

In addition to providing a path for institutional and accredited investors into the digital assets realm, Global Fund Management is providing exclusive insights on a number of fast growing blockchain industry segments such as Decentralized Finance (DeFi), non-fungible tokens (NFTs), and applications in the energy sector.  

Last month, GDA Group organized a quarterly, virtually-held Family Office Summit.  At one of the largest gatherings of private wealth this year, the GDA Group and dozens of other global blockchain…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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