2024

Mastercard disclosed that 30% of its transactions were tokenized in 2024

ChainCatcher news, according to Cointelegraph, global payment service giant Mastercard reports that 30% of its transactions will be tokenized by 2024; at the same time, Mastercard also recognizes the ability of stablecoins and other cryptocurrencies to disrupt traditional financial services.In documents submitted to the U.S. Securities and Exchange Commission (SEC), the company stated that it has made significant progress toward achieving its goal of an "innovative payment ecosystem," including transaction tokenization, creating solutions to unlock blockchain-based business models, and simplifying access to digital assets. Mastercard stated that it is collaborating with a range of cryptocurrency participants to enable consumers to purchase cryptocurrencies using credit cards and spend balances at merchants that accept its brand. The company also reported a net income of $28.2 billion for 2024, a 12% increase from the previous year.Mastercard acknowledges that stablecoins and other cryptocurrencies are becoming competitors in the payment industry. The company stated that digital currencies have the potential to "disrupt traditional financial markets" and may challenge its existing products. The company noted that due to the accessibility, immutability, and efficiency of digital assets, stablecoins and cryptocurrencies may become more popular as they are regulated.

PitchBook: The total amount of cryptocurrency venture capital in 2024 will reach $10 billion, nearly flat compared to 2023

ChainCatcher news, according to Blockworks, PitchBook reveals in a new report that crypto venture capital spending will remain sluggish until the end of 2024. Specific data shows that the transaction value in Q4 2024 surged to $2.4 billion, a 13.6% increase from Q3, but the number of transactions decreased from 411 to 351.PitchBook's Robert Le pointed out: "Although there has been a return of funds, indicating ongoing support from investors for mature teams and differentiated technologies, the continuous decline in the number of transactions reflects an increased selectivity among investors, a trend that has been evident since Q3."Comparing the data from 2023 and 2024, the figures are quite similar. In 2023, the total amount of crypto venture capital reached $10.3 billion, involving 1,936 transactions; while last year, spending in this sector also amounted to $10 billion, covering 1,940 transactions.Additionally, the average transaction amount in the seed stage increased by 20%, jumping from $2.5 million to $3 million; early-stage financing grew by 26%, reaching $4.8 million. However, late-stage financing saw a slight decline, dropping from $6.4 million to $6.3 million. Le stated that this reflects "founders of more mature companies turning to smaller but strategically focused funding rounds, rather than pursuing the large financing rounds that were common in the past."
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