MasterCard Entering Crypto? [ September 10, 2021 ]

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0:00 Largest Bank in El Salvador Partners With Flexa on Bitcoin Payments

The payments network has teamed up with Bancoagrícola to bring Bitcoin payment capability to its Salvadoran customers.

El Salvador’s September 7 launch of Bitcoin as a legal tender was less than auspicious, with the cryptocurrency suffering a flash crash that morning that slashed as much as 20% off its price. But while that may have dampened the excitement on an occasion dubbed Bitcoin Day by the crypto faithful of Twitter and Reddit, the country is moving ahead with the transition. On September 9, pure-digital payments network Flexa announced that it has partnered with the Central American country’s largest bank, Bancoagrícola, that will allow it to accept Bitcoin payments for its loans and credit cards, as well as at its merchant payment network’s members.

https://coinmarketcap.com/alexandria/article/largest-bank-in-el-salvador-partners-with-flexa-on-bitcoin-payments

01:09 NFT Sales Plummet Following a Record-Breaking August

Non-fungible token sales dropped 75% since the August 29 all-time high, according to data from Dune Analytics.

Sure, a collection of 101 Bored Ape Yacht Club non-fungible tokens just brought in $24.4 million at auction, doubling Sotheby’s estimate. And sure, DappRadar released a report on September 9 that found the NFT market had its best month ever in August, ringing up more than $5 billion in sales. But that momentum doesn’t seem to have made it into September, according to data from Dune Analytics. Pummeled by a brutal Bitcoin flash crash that carried over to virtually all altcoins, daily trading volume on the largest NFT marketplace, OpenSea, collapsed from a high of $323 million on August 29 to less than $85 million on September 8. That is reflected in OpenSea’s own numbers, which shows nine of the top 10 NFT projects down between 55% and 90% over the past seven days. The exception being No. 5 Loot, which is down just 4% on the week. Bored Ape Yacht Club’s numbers were down 70% on the week, despite being up almost 55% in the past 24 hours, thanks to that blockbuster Sotheby’s auction.

https://coinmarketcap.com/alexandria/article/nft-sales-plummet-following-a-record-breaking-august

01:48 MasterCard Acquiring Leading Crypto Intelligence Firm CipherTrace

The credit card giant sees the deal as part of a broader strategy to protect its business from DeFi projects that want to cut middlemen out of the payments industry.

Mastercard just doubled down on its move into the digital assets market by purchasing CipherTrace, a leading cryptocurrency intelligence firm with deep expertise in cybercrime, regulatory compliance and fraud protection. A leader in tracking cryptocurrency transactions, CipherTrace works with banks and financial institutions, exchanges and payment processors, law enforcement agencies and regulators. The firm can track more than 800 cryptocurrencies with its CipherTrace Inspector financial investigations and blockchain forensics tool. A year ago, it added Monero tracing capabilities as part of a contract with the U.S. Department of Homeland Security to beef up the agency’s ability to investigate the top privacy coin.

https://coinmarketcap.com/alexandria/article/mastercard-acquiring-leading-crypto-intelligence-firm-ciphertrace

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