Jack Dorsey's decentralized Twitter rival hits the app store, Goldman Sachs open to hiring more crypto professionals and Cuy Sheffield responds to reports that Visa is dragging its feet on crypto partnerships. Reporting via forgeforth_
may have scared off many companies interested in exploring the sector. Case in point: Visa and Mastercard’s embrace of crypto may have hit a snag thanks to the bear market and unclear regulations.
According to a new report by Reuters, the credit card giants are halting the launch of certain crypto products until market conditions and the regulatory environment improve. Cuy Sheffield, who heads Visa’s crypto division, wasn’t pleased with the report, reassuring the market that Visa is very much committed to seeing through its crypto ambitions.
This week’s Crypto Biz explores the latest reports around Visa and Mastercard, Jack Dorsey’s decentralized Twitter alternative, and Goldman Sachs’ apparent need for more digital asset professionals.Credit card giants Visa and Mastercard willof new crypto partnerships due to the bear market and murky regulatory conditions, according to a Feb. 28 report by Reuters.
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