Bitcoin Forum

MasterCard got a patent to be able to make it easier for everyday users to spend cryptocurrency.

https://www.coindesk.com/mastercard-wins-patent-for-speeding-up-crypto-payments/amp/?utm_campaign=buffer&utm_content=buffer646b5&utm_medium=social&utm_source=twitter.com&__twitter_impression=true

This is Darkhalo, what topic do you have to positively enforce the crypto revolution?

I think it's some to be a part of this system is

there are some ICOs that claim to work with master cards to make it easier for investors to invest and use their money in the form of cryptocurrency, but I see a lot of rules and difficulties in applying it, hopefully mastercard and crypto can work well together.

Check out STK who partnered with Mastercard and has a card in Beta in the Canadian market and a card coming at the end of the year for USA.  After that Global.  They have a 5 year deal with Mastercard. 

These are the steps that gradually make cryptocurrencies popular and thus increase the user base.Such companies as Mastercard and the likes are seeing the paradigm shift and thus are joining the revolution.in the near future cryptocurrrencies will replace alot of payment methods and it is prudent financial companies adopt them now.

This is good step for cryptocurrency development to be more useful for many industry,  now many starts ups want to make cryptocurrency easy to use for daily life as payment good and service. One of the success fully project that want to make easy to use crypto is Pundi x that has working product already.

Mastercard will make cryptocurrency transaction faster as they say.

They are now stepping in and this only indicates that they are adopting cryptocurrencies. Like what others have saw that many will start using crypto's, mastercard, visa and other the same company are following the same step.

This is one way of getting crypto into the mainstream. There are millions of MasterCard users all over the world and this could make crypto more popular to those who have no knowledge about it. It would be very convenient on our part purchasing crypto using our MasterCard.

Indeed with the MasterCard easier and faster in transactions, not only in the world of crypto, in everyday life just use MasterCard.
Mastercard is familiar to all of us, so its use is easier and faster. In crypto using MasterCard is very useful and simplify in the transaction.

I think this is one way crypto penetrates into a more real world, because there are millions of MasterCard users around the world, and this is an opportunity to make crypto more popular and trusted for those who are professional or beginner. Of course it would be very convenient if later we can buy a crypto using MasterCard.

If the news is true then this will be a good move about cryptocurrency. This will allow crypto traders and investors to withdraw their profits without any hesitation.

Great news! I recently watched an interview of Charlie Lee he said that they have bought some stakes of a bank so they can make cryptocurrency available for the general people. It will be just as easy as the services offered by bank for the Fiat currency holder.

Yes,this news has significantly affected the Bitcoin exchange rate. The news is very significant and confirms the statement about the imminent adoption of cryptocurrencies by the whole society.

I read a story, and there is a crypto that has cooperated with a duration of 3-5 years with mastercard, this is great news. One thing that still makes crypto has not been able to completely change the world is because the new crypto can be used in some way alone, has not been able to penetrate all the human needs in terms of payment, purchase etc.

A smart move for cryptocurrency development to be more useful in the future. The desire to make cryptocurrency easier to use for everyday life in various payments or services will soon materialize with this partnership. Obviously, this is a success of the project in order to facilitate the use of crypto in the future.

It's true, there are some ICOs that claim to work with mastercards, it's done to make it easier for investors to invest and use their money in the form of cryptocurrency. But now there are still many difficulties in its application, there is still much that needs to be improved. I hope hopefully mastercard and crypto will be a combination that will make life better.

Good to hear that one of the more popular credit card company expressed their sentiment in the cryptocurrency industry with them winning a patent and making a move to improve on the storage and processing of transactions that utilize blockchain currencies it will make a great deal to investors that would want to just use their credit card to invest without having any main cryptocurrencies like BTC and ETH.

That will help all of the crypto related project to build peer to peer payment system through use the instant liquidity method to make those merchants will be interested tpo accept the cryptocurrency as a payment in the future. It's another good news IMO

More easy, more risky. Always be careful. Hacker always track mastercard then hack them. Some projects take less of security solution. It's a condition for hacking

As it should be, I also hope big coins such as bitcoin and ethereum can cooperate with the world's banks. It will increase the popularity of crypto if done. Bank is a state-guaranteed institution, and working with it is just the same as security and everything about privacy will be guaranteed.

This is very awesome step forwards for everyday crypto use.

Good job MC. They see opportunity and do their best to seize it. Good job! :)

yes, mastercard is quite easy and simple than using bank account to spend money on crypto.

While it’s cool to hear them admit that the technology is compelling, which we all know, we all need to consider and watch how large corporations are going to play this game. I highly doubt they will list a token for us normal people to buy. They will do it all in house and the existing shareholders will be the ones who really make money.

both mastercard/credit card and banks are still the same because they are connected to each other .also , i dont think they are easy to use because if it is then cryptos and other payment methods should not have been invented at the first place .

not all people can open an account thru banks and get their own personal credit card because it takes time and so much hassel to issue a credit card.  On the other hand , cryptocurrency is still the best and most easiest way to use for spendings mostly online but nowadays  they are now slowly implementing the use of cryptos offline.

What these companies fail to realize is that if they patent their "blockchain tech", it will only cast a spotlight on said tech to be used elsewhere. I mean, what's to stop someone from just copying the software, releasing it anonymously and then, people spinning up nodes to run the companies patented blockchain tech in a decentralized manner. Lol.

These companies are fucking clueless about the fact that they won't be able to stop people from using whatever it is that they are patenting in a more efficient manner (in a decentralized way). Besides, blockchain tech is pretty useless when coupled with centralization anyway. If you're going to be centralized, your better off just using a centralized database with a backup.

This is a progress for the encrypted currency. It shows that many large organizations have begun to support the application of encryption currency in the future. I believe that the future development of encrypted currencies will be greater.

So you are really hoping a coin thats decentralized and designed to oppose bank to join the bank, that just ironic man. you see why bitcoin was first created, because they are tired of those bankster but now people are hoping bank to hop in to their cryptospace, i guess time could change people mindset.

I dont know why am happy about this news and will be glad when it will be actualised.
May be because of the following
 - Increased popularity and acceptance of the cryptocurrencies
- Which comes with enhanced coin value
- Flexibility in processing crypto related transactions
- The increasing impact and attraction it will have on the American market share as compared by the Asian size
- The change of stance by Warren Buffet in no distant time, etc

NOW;
I hope Mastercard in view of this will let the crypto investors into this cheering news via an ICO

Yes, when using cards, you should take care of maximum protection of your funds, as hackers do not slumber.

This is the way that any online-based company will sooner or later adopt a crypto currency as a payment system. The reason is quite simple, crypto currency has become popular so many people who come to use crypto currency, this is an opportunity for a company to make a payment system using crypto currency and soone or slow payments using crypto currency will become mainstream.

Well, your point makes so much sense. Don't forget they are dealing with people that are knowledgeable and vast in crypto. I believe their roadmap on the pact will clear lots of doubt.

I don't see wisdom in packing millions of dollars in a platform that can be exploited by IT gurus.
They need to have a division that is cryptocrrency based, show us the roadmap and possibly enable community participation via ICO else, it can only serve as a temporal point of call for amounts that wants to be converted into cash.

The investors will be benefited with the partnership of cryptocurrency and mastercard.  This is a hint that the digital currency will be adopted globally, hence, the government will accept it eventually. This is a good sign for crypto users that the market will be on up trend soon.

This is acceptable course embodying cryptocurrency advancing to be deeper fine embodying assorted industrious,  promptly assorted exits ups hope embodying to create cryptocurrency easy to use embodying existence care life as go back acceptable and service.

I really hope this patent helps things take off with people getting in and out of crypto

https://mobile.twitter.com/cryptojoe37
#Joined Doax Airdrop

Yeah I get it, do you think that there is going to be some kind of coin or token, sorry for the where that sounds because I really don't know what they're supposed to be called, I know the difference between a currency and a platform but I don't know if there's coins and tokens or if there's just one but do you think there's going to be one related to MasterCards patent?

It would be better if MasterCard and Visa will help cryptocurrency projects with debit cards. I want to spend my digital money in real life!!

Yes, and as a user of MasterCard and having different cryptocurrencies in my account, I can affirm that this news is more than just EXCELLENT for the cryptocurrency community. MasterCard will make the conversion process into fiat more simple and faster. Hopefully, there will be no commission fees, and if yes, let's hope that they will be relatively small ones

Mastercard can definitely help in pushing the use of cryptocurrencies in everyday transactions. This in turn will going to push the demand. Since, cryptocurrencies are built over deflationary model, this can create a price pump. Bitcoic largely lacks use case because merchants are not really eager to use cryptocurrency as means of payment. This restrict the demand aspect which is only running on speculation right now. This move by Mastercard is not going to give cryptos some popularity, it is also going to boost demand.

That is great news and hopefully this will end crypto card troubles and we will see crypto become more spendable and then it will take over fiat, future looks good for crypto.

What are the different people that represent their coin called? Let's say there's a company behind it, like they have credit card scanners or ATMs or they're working on virtual reality. What are they called me they called companies? The coin that they put out is that the company's token or the company's coin? Please explain and why are they required to give out free bounties? I think I kind of get it because they're required to do this to become part of the blockchain but if you can please explain thanks.
     Is there any way of telling if certain airdrops are scams? Or is it the reason why we just try to get lots of them so that way eventually when the ones that are no good get weeded out will be left with some good ones??
   I'm not talking bad on anyone I'm just throwing questions out there because I don't know.

They know they have to embrace or be left behind. A revolution in payments is coming and no one wants to be left out.

So you're saying this is why they're giving bounties away?

I think this is great news. The price of a bikoyan should go up but no one knows how many. If you judge from the prince of law. Then we are all in for a great success. So ka bitkoyn more than once breaks stereotypes.