Visa & Mastercard Reportedly Hit Pause on Crypto Plans Following Market Turmoil

A picture of VISA, Mastercard behind a phone with Bitcoin logo

Visa and Mastercard have reportedly halted their plans to expand into the cryptocurrency market following a turbulent period for the industry, according to Reuters sources. The recent market meltdown has caused the two payment giants to reconsider their approach. Visa has postponed the launch of its cryptocurrency-linked credit card, while Mastercard has put on hold its project to allow users to spend cryptocurrencies at merchants that accept Mastercard.

NFTs are coming soon to Instagram, confirms Mark Zuckerberg

Instagram logo NFT

TL;DR: Zuckerberg hopes users will be able to mint NFTs on the platform. Facebook founder Mark Zuckerberg confirmed earlier reports that video and photo-sharing app Instagram plans to add non-fungible tokens (NFTs) to the platform. The Meta Platforms Inc. (FB) CEO told Shark Tank’s Daymon John at the South by Southwest conference in Austin, …

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