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The Bank of Indonesia is transitioning away from payment platforms such as Visa and Mastercard . Specifically, the country is set to begin development on “its indigenous payment platform,” according to a report from Republic World. Moreover, the President of Indonesia , Joko Widodo, has reportedly asked local agencies to begin transitioning away from international payment processors. Specifically calling for them to utilize cards that are “authorized by local banks.” JUST IN: Bank of Indonesia to transition away from Visa and Mastercard , introducing a new payment system. — Watcher.Guru (@WatcherGuru) March 21, 2023 Indonesia Moving Away from International Payment Processors In an interesting development, The Bank of Indonesia is set to begin to transition away from payment platforms like Visa and MasterCard. Specifically, the report states that the country’s president has urged local agencies to begin to use cards from their local banks. The initial report...

The world’s largest crypto exchange has teamed up with Mastercard, the second-largest global payment processor, to bring a prepaid crypto card to Brazil.  Btc Bitcoin $22.763 price 4.11323% price change TRADE NOW The card will enable Brazillian Binance users to pay bills and make purchases using cryptocurrencies including Bitcoin and BNB. Per Binance’s announcement on Monday, the card can be used with over 90 million Mastercard merchants worldwide, as well as online. Though still in its beta-launch phase, it will soon become widely available. The card works by converting users’ cryptocurrency into fiat currency at the point of purchase. This lets card users spend in crypto, while the merchant receives their standard fiat payment. Purchases with the crypto card include an 8% cash-back benefit on select purchases, alongside zero fees for ATM withdrawals. However, a 0.9% conversion fee will still apply. This makes Brazil the second L...