Visa, Mastercard pause crypto push in wake of industry meltdown – sources

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By Manya Saini (Reuters) – U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and BlockFi rattled investors and increased regulatory scrutiny on the sector. Both Visa and Mastercard have decided to push back the launch of certain products and services related to crypto until market conditions and the regulatory en…

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