The adoption of cryptocurrencies into the mainstream is accelerating, including over 20,000 Bitcoin ATMs set to be deployed in 2021 alone.
A digital asset exchange established in Hong Kong In Brazil, crypto.com has started offering Visa crypto cards to its members. Users who apply for the cards and receive them will not be charged any monthly, yearly, or ATM withdrawal fees, according to the business. Unlike traditional Visa credit cards, which provide a line of credit, crypto Visa cards are prepaid and must be refilled with fiat or cryptocurrency.
El Salvador just recently made Bitcoin legal cash, but the country's Bitcoin Trust has already generated millions of dollars, and President Nayib Bukele has announced that the proceeds would be used to build 20 schools. The presidential office's press secretary confirmed the information on Twitter. Bukele reposted the press secretary's tweets and announced the idea after laying the groundwork for El Salvador's first public veterinary hospital, which was funded by Bitcoin profits.
Scams using cryptocurrency through ATMs are on the rise in the US, and the FBI has issued a public warning.
The Federal Bureau of Investigation (FBI) in the United States has issued a warning about the growing number of crypto frauds in the country. Scammers are forcing unsuspecting people to utilize physical bitcoin ATMs and digital QR codes to execute fraudulent transactions, according to a recent FBI Public Service Announcement (PSA). Even though the United States is still striving to regulate the cryptocurrency industry, Bitcoin ATMs are beginning to appear in public areas in the United States and other nations. Transacting using QR Codes is becoming more common in the United States, with businesses like AMC Theatres allowing crypto purchases for tickets.
Mastercard has updated its Start Path initiative, which is a worldwide startup engagement program aimed at assisting startups in the digital asset, blockchain, and cryptocurrency industries.