Walmart’s global chief technology officer Suresh Kumar says cryptocurrencies would create major disruptions in the crypto space, as it allows purchases for both digital and tangible things, Cointelegraph reported.
Commenting on Walmart’s views on digital assets at the Yahoo Finance All Markets Summit on Oct 17, Kumar said cryptos will become an integral part of how people transact for physical and virtual items.
“I think there are three major areas of disruption. Crypto falls in sort of the middle of it,” he said, explaining that “the way in which customers are getting inspired and discovering products” is changing.
Mastercard Will Enable Cryptocurrency Trading
According to a Business Wire report, payment processing company Mastercard on Monday unveiled Crypto Source that enables banks to offer customers crypto trading services.
It will also collaborate with cryptocurrency trading platform Paxos for the service. Paxos will handle trading and custody of cryptocurrency assets for banks, while Mastercard will incorporate cryptocurrency trading into bank user interfaces.
CNBC reported separately that the initiative would begin in the fourth quarter of 2022.
Mastercard has progressed leaps and bounds in the Web3 space, including its partnership with the cryptocurrency exchange Binance in August to enable cryptocurrency payments in 90 million merchant locations that accept its payment services.
The global payments processing giant has teamed up with Coinbase’s non-fungible token (NFT) marketplace in January to enable Mastercard payment facility for NFT customers.
Crypto.com To Set Up Its Europe headquarters In Paris
The Singapore-based company announced on Wednesday that it will establish its regional headquarters for Europe in Paris. In a statement, the company said it will spend 150 million Euros ($145.7 million) to help launch its Europe operations and engage local expertise for compliance and business development.
Last month, France’s market authority has granted authorisation to the bitcoin trading platform to provide goods and services to clients in France. Crypto.com has more than 50 million users globally.