Mastercard is reportedly planning on giving merchants the option of receiving payments in cryptocurrency later this year through a new functionality that would see its customers’ digital currency payments settled in crypto at participating merchants.
Strategists at JPMorgan Chase led by Nikolaos Panigirtzoglou revealed they believe Tesla’s move to buy $1.5 billion worth of bitcoin is too bold for other companies to emulate because of the cryptocurrency’s volatility.
Virginia-based Blue Ridge Bank is reportedly letting customers buy bitcoin at 19 of its ATMs with an 8% fee on transactions. The bank’s move comes after the number of bitcoin ATMs surged last year to over 15,000 machines throughout the world.
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Top stories in the Crypto Roundup today:
- Join CryptoCompare's Webinar with Kraken, Coinbase, Gemini, Bitstamp, and The Block
- Mastercard to Let Merchants Accept Cryptocurrency Payments
- Tesla’s Bitcoin Bet Too Bold For Other Companies to Emulate, JPMorgan Says
- Blue Ridge Bank Starts Letting Customers Buy Bitcoin at ATMs
- Sponsored: BitMarket Network Client - Benefits of a Multi-Currency Crypto Wallet