TenX launches the Crypto VISA card, while competitor MasterCard applies for a patent for a Bitcoin tumbler. Meanwhile, the pace at which the Swedes are turning their backs on cash is increasing – and there is already talk of a state crypto currency. Ripple and R3 unpacked the peace pipe and decided to cooperate. Ethereum bangs through the 100 US dollars, but was at least able to make up some ground with the announcement of the Constantinople Hard Fork. The situation on Wednesday.
Load his debit card with Bitcoin and pay with crypto currencies at all VISA acceptance points – for TenX customers in Singapore, this should become reality by Christmas. On 11 December, TenX co-founder Julian Hosp announced the start of the KYC procedures for the first recipients of the in-house crypto-prepaid card. The first cards are to be delivered by Christmas. Maybe it will be enough for one or the other for the Christmas shopping? However, European customers still have to be patient. The crypto credit card will not be launched on the European market until next year.
MasterCard wants to mix Bitcoin loophole
Meanwhile, the competition does not sleep – although it could also sleepwalk: Because it seems strange that MasterCard, of all companies, has applied for a patent for a Bitcoin loophole and this is not a scam. Bitcoin tumblers or mixers are used to produce the fungibility of individual Bitcoin units. A rogue, however, if MasterCard is accused of a legal trick here.
Cash threatened with extinction in Sweden
MasterCard, TenX Card, Bitwala Card – The main thing card, one thinks in Sweden meanwhile. The Scandinavians are gradually developing into a cashless society. In 2018, credit card payments per capita exceeded the figures in the USA for the first time. In order to counter the growing disinterest of the population in cash, the introduction of the e-krona is also under discussion. The e-krona is a state crypto currency issued by the Swedish central bank.
Cooperation among bank friends
Crypto and traditional banking also sniff at each other at Ripple and R3. XRP is now to become the first crypto currency to be supported by the Corda settler of the R3 banking consortium. The cooperation takes place after years of litigation, which the companies have now apparently not only legally shelved.
Coinbase reveals the news spy
In addition, XRP is still on the radar of the Bitcoin exchange Coinbase. The Exchange announced the news spy listing candidates on December 7. Here is the news spy review. For some of the 31 candidates it is already the second attempt. In addition to Stellar Lumens XLM, this also applies to the bank cousin XRP. The valuation is based on the Digital Asset Framework of the Crypto Exchange. Coinbase emphasises that there is no guarantee that the listed tokens will be listed.
Ethereum rips the $100 – Can Constantinople help?
Meanwhile, ETH, which Ripple, the second largest crypto currency, knocked off its pedestal, last week hit an annual low of around 83 US dollars. A temporary low for the downward trend that Ethereum 2018 is following. After all: As a result of the announcement of the Constantinople Hard Fork, the Ether exchange rate rose slightly and is now working its way down to the 90-US dollar mark. Among other things, Constantinople is expected to pave the way for consensus via Proof of Stake.