Binance Card Holders Brace for Impact as Mastercard and Visa Reassess Ties
Portfolio Pulse from Anusuya Lahiri
Mastercard Inc (MA) and Visa Inc (V) are reassessing their relationships with Binance Holdings due to regulatory concerns. Visa has halted new co-branded card issuances with Binance in Europe, while Mastercard plans to sever ties with Binance in September. This could impact Binance's ambitions in the conventional financial domain.
August 25, 2023 | 1:04 pm
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Mastercard plans to sever ties with Binance in September, which could impact its partnerships and regulatory standing.
Mastercard's decision to sever ties with Binance could potentially impact its partnerships and regulatory standing. However, the overall impact on Mastercard's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Visa has halted new co-branded card issuances with Binance in Europe, which could impact its partnerships and regulatory standing.
Visa's decision to halt new co-branded card issuances with Binance could potentially impact its partnerships and regulatory standing. However, the overall impact on Visa's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75