Breaking News: Cryptocurrency payment MCO Visa card suspends issuance in Singapore
The MCO Visa card issued by blockchain company Crypto.com temporarily suspended its services in the UK and Europe after the German payment services company Wirecard filed for insolvency. ChainNews has conducted a series of follow-up reports on this. Today (14th), the official announcement stated that the MCO Visa card in Singapore will be temporarily suspended due to a change in card issuing supplier.
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Is Binance Card Becoming a Competitor?
Since acquiring the cryptocurrency payment startup Swipe, Binance seems to have made progress with Binance Card. Founder Changpeng Zhao also shared a testing screenshot on Twitter, indicating that in the future, users will be able to make payments directly from their accounts using BNB:
However, the testing screenshot does not display the names of financial service companies like VISA or Mastercard, so it is unclear whether an actual card issuer has been finalized.
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