Key Highlights: The Reserve Bank of India (RBI) and the Financial Intelligence Unit-India (FIU-IND) are scrutinizing offshore cryptocurrency cards over potential violations of domestic payment frameworks and the Foreign Exchange Management Act (FEMA). Global payment networks Visa and Mastercard are reportedly in discussions with Indian regulators regarding offshore crypto-linked cards, such as those issued by ...
Key Highlights: Crypto-backed debit and payment card issuers are rolling out aggressive incentives, including elevated yields and up to 20% cashback, to fuel user acquisition. High promotional spending has pushed firms like KAST into financial losses, while Bleap warns that users who only collect rewards remain unprofitable. Card providers are banking on a long-term cross-selling ...
Key Highlights: Solayer Pay allows unified card deposits across five major blockchains: Ethereum, Solana, BNB Chain, Base, and Arbitrum, which collectively account for about $181 billion (roughly 60%) of the total stablecoin supply. Deposits from all supported chains fund a single spending balance compatible with both virtual and physical cards, featuring Apple Pay, Google Pay, ...
Key Highlights OKX is launching a consumer-focused money app designed specifically to target non-crypto users by abstracting blockchain infrastructure into a familiar dollar balance. The move reflects an industry-wide transition where tracked crypto-card spending has exceeded $1 billion this year as exchanges bridge digital assets and everyday transactions. The rollout builds on OKX’s broader consumer ...