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EMCD Launches Global Crypto Payment Card, Enabling Everyday Spending Anywhere Mastercard Is Accepted
Globenewswire· 2025-11-11 13:21
Core Viewpoint - EMCD has launched the EMCD Payment Card, enabling users to spend USDT at any location that accepts Mastercard, enhancing the usability of cryptocurrencies in everyday transactions [1][3]. Group 1: Product Features - The EMCD Payment Card can be issued within minutes after completing KYC and can be added to a mobile wallet instantly [2]. - The card is free to issue and has no monthly maintenance fee, facilitating easy spending of crypto for everyday goods and services [2]. - Users can top up the card directly from the EMCD Wallet without needing to switch between apps [3]. Group 2: Market Context - The global crypto payments sector is rapidly expanding, with stablecoins processing over $46 trillion in transaction volume in the past year, more than double the previous year [4]. - Research indicates that nearly 1 in 5 crypto owners will use digital assets for payments by 2026, up from 14.2% in 2024, highlighting the increasing demand for simple payment solutions [4]. Group 3: Company Overview - EMCD is a digital-asset ecosystem that integrates mining, storing, managing, and spending digital assets in one platform [5]. - Founded in 2017, EMCD has evolved from a Bitcoin mining operation to a comprehensive platform serving users and businesses globally [5].
X @The Block
The Block· 2025-09-25 11:31
Funding & Valuation - RedotPay, a crypto payments firm, achieves unicorn status [1] - RedotPay completes a $47 million investment round [1]
MoonPay buys crypto payments firm Meso
Yahoo Finance· 2025-09-16 09:27
Core Insights - MoonPay has acquired Meso, a company that connects traditional financial systems with digital currencies, enhancing its international payments network [1][2] - Meso supports multiple blockchains and payment methods, including Ethereum, Solana, Bitcoin, debit cards, and Apple Pay [1] - The financial details of the acquisition remain undisclosed [1] Company Developments - Meso's co-founders, Ali Aghareza and Ben Mills, will join MoonPay, with Aghareza becoming the CTO and Mills taking the role of senior vice president of product [2][3] - Aghareza has a background in engineering at Braintree, while Mills has experience in payment product innovation at various companies [3] - MoonPay's CEO Ivan Soto-Wright stated that this acquisition is a pivotal moment for the company, aiming to create a global network for money movement [4] Financial Performance - MoonPay was profitable in the previous year and anticipates stronger earnings and cash flow by 2025 [5] - The company is also in discussions for a new funding round that could increase its valuation beyond $3.4 billion [4][5] - Earlier acquisitions in 2023 include Iron, a stablecoin platform, and Helio, a crypto payment processor based on Solana [5]
X @Wu Blockchain
Wu Blockchain· 2025-08-19 23:41
Investment & Stakeholder Activity - Point72 holds a 4% stake in Alt5 Sigma, valued at approximately $267 million [1] - ExodusPoint holds a 475% stake in Alt5 Sigma, valued at approximately $321 million [1] Regulatory Scrutiny & Potential Risks - The SEC is reportedly investigating Alt5's president for allegedly inflating earnings [1] - The investigation also concerns the president's alleged sale of shares during a stock surge [1]
X @Bloomberg
Bloomberg· 2025-08-19 21:46
Investment & Finance - Hedge funds Point72 and ExodusPoint are acquiring stakes in a biotech-turned-crypto payments company [1] Industry Focus - The company has transitioned from biotechnology to crypto payments [1] Political Connections - The company has ties to the Trumps [1]
X @The Block
The Block· 2025-08-12 14:49
Funding & Investment - Transak 完成 16 million 美元的战略融资,由 Tether 和 IDG Capital 领投 [1] Company Focus - Transak 是一家加密支付公司 [1]
Rumble and MoonPay Strike Exclusive Deal to Fuel Crypto-Creator Revolution
Globenewswire· 2025-07-10 11:00
Core Insights - Rumble has announced an exclusive partnership with MoonPay to enhance monetization for creators in a decentralized environment [1][2] - The collaboration aims to integrate crypto payment solutions into the upcoming Rumble Wallet, set to launch in Q3 2025 [2][3] - Both companies emphasize a commitment to free expression and financial independence for users [3] Company Overview - Rumble is a high-growth video platform and cloud services provider focused on creating an independent infrastructure for free and open internet [4] - MoonPay is a leading crypto payments infrastructure company that simplifies the buying, selling, and trading of cryptocurrencies using everyday payment methods [5][6] - MoonPay has over 30 million customers and supports nearly 500 companies in the decentralized economy, highlighting its role in mainstream crypto adoption [6]