VISA and Mastercard postpone crypto partnerships until market conditions improve.

VISA and Mastercard postpone crypto partnerships until market conditions improve.
Photo by Jonathan Borba / Unsplash

Payment giants Visa and Mastercard are suspending new partnerships with cryptocurrency companies after a string of high-profile crashes, Reuters reports.

The companies are putting plans on hold until market conditions improve.

The company stressed that the new project is in no way related to BAYC or other Ethereum-based collections. Moreover, the firm said TwelveFold has no "extended value."