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Project Overview
Marqeta is a modern card issuance platform that provides enterprises, fintech, digital banks and brands with highly configurable credit, debit, virtual and prepaid card issuance and processing infrastructure.
Coinbase and Marqeta Expand Partnership to Offer Stablecoin Payment Card Services for Enterprises
Odaily News: Payment technology company Marqeta will expand its partnership with Coinbase to provide enterprises with payment card services backed by customers' stablecoin assets. Coinbase will handle stablecoin custody and digital currency-to-fiat conversion, while Marqeta will manage card issuance and payment processing. Coinbase's Base blockchain will provide on-chain settlement infrastructure. The service targets Marqeta's enterprise clients, spanning both the crypto industry and traditional enterprises. Cardholders can spend stablecoins at millions of merchants worldwide that accept bank card payments, and businesses can fund their payment card programs around the clock. The two parties have not yet disclosed specific fees, an official launch date, or the initial stablecoin types supported.
Mastercard launches stablecoin payment platform after acquiring BVNK for up to $1.8 billion, connecting to hundreds of millions of merchants worldwide
Odaily report: Payment services company Mastercard and fintech company BVNK announced the launch of Global Money Platform on October 15, connecting stablecoin balances to hundreds of millions of merchant locations worldwide and supporting the issuance of payment cards in over 130 countries.The platform integrates fiat accounts, stablecoin conversion, payment cards, and international payments through a single API, enabling banks, fintech companies, and enterprises to offer accounts that hold both fiat and stablecoins simultaneously. Nuvei, Marqeta, Ontop, Beem, and Almond FinTech have already integrated.Mastercard Move can connect to over 17 billion payment terminals and convert stablecoin balances into local currency for direct payment to bank accounts. The platform's coverage is planned to expand to over 200 countries and regions and more than 40 currencies by 2027; Mastercard acquired BVNK in August, with the deal valued at up to $1.8 billion. (Bitcoin.com News)
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JPMorgan: AI Shopping Agents Roll Out, Payments Still Run on Card Networks
JPMorgan assesses that AI shopping agent workflows more closely mirror traditional e-commerce, with limited short-term impact on payment stocks. Payment networks are benefiting from card transactions, while the moats of trust and lending around online checkout remain intact, and the operating environment for traditional acquirers is improving. Regarding ratings, Affirm, Chime, Marqeta, Remitly, and Toast are upgraded to Overweight; PayPal and Klarna are maintained at Neutral; and Western Union is downgraded to Underweight.
Coinbase and Marqeta Expand Partnership to Offer Stablecoin Payment Card Services for Enterprises
Odaily News: Payment technology company Marqeta will expand its partnership with Coinbase to provide enterprises with payment card services backed by customers' stablecoin assets. Coinbase will handle stablecoin custody and digital currency-to-fiat conversion, while Marqeta will manage card issuance and payment processing. Coinbase's Base blockchain will provide on-chain settlement infrastructure. The service targets Marqeta's enterprise clients, spanning both the crypto industry and traditional enterprises. Cardholders can spend stablecoins at millions of merchants worldwide that accept bank card payments, and businesses can fund their payment card programs around the clock. The two parties have not yet disclosed specific fees, an official launch date, or the initial stablecoin types supported.
Coinbase Expands Partnership with Marqeta to Launch Stablecoin Payment Cards for Corporate Clients
According to The Block, Coinbase and issuing platform Marqeta are expanding their existing partnership to launch stablecoin-funded payment cards for enterprise customers. Coinbase will handle asset custody and fiat conversion, Coinbase's Ethereum Layer 2 network Base will manage on-chain settlement, and Marqeta will be responsible for card issuance and transaction processing.
Mastercard launches stablecoin payment platform after acquiring BVNK for up to $1.8 billion, connecting to hundreds of millions of merchants worldwide
Odaily report: Payment services company Mastercard and fintech company BVNK announced the launch of Global Money Platform on October 15, connecting stablecoin balances to hundreds of millions of merchant locations worldwide and supporting the issuance of payment cards in over 130 countries.The platform integrates fiat accounts, stablecoin conversion, payment cards, and international payments through a single API, enabling banks, fintech companies, and enterprises to offer accounts that hold both fiat and stablecoins simultaneously. Nuvei, Marqeta, Ontop, Beem, and Almond FinTech have already integrated.Mastercard Move can connect to over 17 billion payment terminals and convert stablecoin balances into local currency for direct payment to bank accounts. The platform's coverage is planned to expand to over 200 countries and regions and more than 40 currencies by 2027; Mastercard acquired BVNK in August, with the deal valued at up to $1.8 billion. (Bitcoin.com News)