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Mastercard CEO Reveals Why His Firm Quit Libra Over Several Red Flags

Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model. In an interview with the Financial Times, the payment services chief, who has headed up […]

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Blockchain Food Logistics MasterCard Supply Chain

Largest American Food Coop to Pilot Mastercard’s Blockchain Tech

Topco Associates will use a blockchain platform for food supply chains that is based on Mastercard’s Provenance Solution. Topco Associates, the largest American retail food group purchasing organization, will pilot Mastercard’s blockchain tech in its operations. According to a press release on Oct. 27, Topco will test a traceability platform developed by logistics firm Envisible. The […]

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Blockchain Credit Cards cryptocurrencies Investments MasterCard Tokens

Crypto Lender Nexo Pays Token Holders Over $2.4 Million in Dividends

Nexo paid out $2,409,574.87 to token holders and reported an annualized dividend yield of 12.73%. Crypto lending firm Nexo has paid its token holders a total of $2,409,574.87 in dividends. Nexo reportedly has reached an annualized dividend yield of 12.73%.Nexo announced the completion of its dividend payments in a press release on Aug. 16. According […]