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Mastercard keeps searching for ways to provide a better service...
Read more: https://www.xmlgold.eu/en/news/article/769/mastercard-blockchain/ (https://www.xmlgold.eu/en/news/article/769/mastercard-blockchain/)

If the news is reliable then it is very good. But honestly speaking, everything looks very suspicious, since a month ago I read news that Visa and Mastercard payment systems do not support the cryptocurrency market and do not intend to develop in this area.

They are not trying to develop cryptocurrencies per se but rather just the blockchain technology. It's quite common nowadays for financial institutions to tap on the power of blockchain, seeing that its use cases on their services would greatly speed up transactions and possibly improve security on their end. They're not the ones who wanted to employ such technology on their services as there are countless others waiting in queue for R&D about blockchain to put up significant results for their intended use cases.

I was developing a project to help identify users behind an e-wallet (with user's approval), thus making the Blockchain a more safe environment and enable governments and banks to accept it as a standard.
Problem is that a month later I started my project, Master Card already applied for a patent for exactly the same thing! Anyway, I wish good luck to Master Card :)

If that news it true I think is a good news as many project now using Mastercard to their project in crypto maybe it will be big help for every one of us. And it's a nice step for Mastercard that they joined in blockchain.

I'm waiting for the day that one of the current financial institutions will compete with Ripple in offering blockchain and database solutions. It boggles my mind that Ripple has managed to gain this much ground.

How much effort is there needed to just fork them and do the exact same thing? It's common within crypto itself, but apparently a whole lot harder to do outside the crypto world.....

Overall, it doesn't surprise me at all that more players are digging into the blockchain industry, especially when you take into consideration that the hype around blockchain technology is still going strong despite crypto being a bad performer.

How can we know that this news is valid or true? Is there any proof about this news? Actually i want only trust something that is announced by the actual team itself.
Well, i can see that many things on masterecard project can be improved with blockchain technology tho.

if i look at news side that has a good effect on bitcoin. with the news, it gives a good effect regardless of whether or not the news is true. but indeed i hope that the news is true, so that it has a real effect

Visa's CEO actually very recently said that they would be willing to get in the middle of cryptocurrency payments should the demand be large enough. There's really no ideological reason for them not wanting to be involved in crypto, they simply just don't think they can make money off it yet. Nothing they decide on this issue will be set in stone.

But yeah, try Googling banks and blockchain and read up on the subject. They have quite the love affair. One thing that must be stressed is that blockchains aren't necessarily related to cryptocurrencies.

Still though they are not running from the idea of using the blockchain technology as opposed of just denying it as as they see it as being beneficial to their transactions it is just a matter of time before they tap into the potential of cryptocurrencies and if in the future they intend to integrate it investors might get into it.

MasterCard is a big player in the world in the financial industry as we all know and i believe that those are only roomers, until they actually make something in this direction it is hard to believe them.

Certainly, they probably don't want to get behind with the technology as it really gives a better services that is already been proven since it was created (blockchain). Knowing that it keeps on making progress, the attention of some well-known fin-tech is on to this. Hopefully, they can see the brighter side and understand more about the advantage of it.

If the news is reliable, then it is very good. Recently I read that even Elon Musk would like to introde the crypto to buy a Tesla.
All this makes us think of a wonderful future, and people should not be afraid to invest in crypto-currencies

No debts if this goes pass, it will even help the credit card generally. Also, it will create additional patronage to bitcoin.

Really?Are you posting this just to increase your post counts?
Mastercard is investing in the blockchain technology only to implement a higher level of security to it's own cards and transactions.They don't want to adopt any cryptocurrencies.Telsa is a big overhyped bubble and it's about to bankrupt soon.I don't want them to get involved into the crypto world.

That is a good one there and a step in the right direction from MasterCard developers, because with adoption of blockchain it will give room for more transactions to be made using MasterCard which will at the end result into great income for the company, in fact this will make MasterCard to become the primary card being use for cryptocurrency transactions and you know the world is gradually getting to a point where cryptocurrency will become the dominant currency.

Mastercard which is known around the world is investing into blockchain, has a great possibility that it will collaborate with cryptocurrency because blockchain technology , is been used by many ICOs and other cryptorelated project, so if mastercard will get into crypto then that will be a anothet leap for cryptocurrency world and blockchain technology.

It might be a good news since they are involving blockchain on their technology and it will be a surprise that if one day they will be develop their own kind of currency. Mastercard is a big company and that news is top-notch I guess.

Visa is the same. I think these platforms understood that the future would be the age of Blokchain and the crypto money. Investments are increasing day by day. However, financial markets, in particular, will have to adapt to the blockchain.

I think that they are already realized "If you can't defeat your opponent, then you might as well work alongside them or do what they do.".
They love their money, so they will do everything they can to stay in game.

The combining power of the traditional and digital method in order to improve the services to humanity is a welcome development and must be embrace. MasterCard has just tune into the realm of cryptocurrency and adopting the technology(Blockchain) behind it function, incorporating the power of a decentralize system into Banking sector and ts security is a good news. Wish the project more success @MasterCard....

The good thing for Mastercard is it has already the reputation and the system (card+Merchands). There a lot more players in the field, but since they don't have to announce it publicly we don't hear about a lot of them, but in reality, they all have their R&D working on.
JPS Morgan has created its own token blockchain (Aurora) for example, but it's a coin that targets mainly enterprises and not the average Joe.

can mastercard pay something via cryptocurrent?
that service will be crowded in the market. people that dont know about bitcoin will interest and join here. and it will make much profit for developer because cryptocurrent is profitable. it will be strong combination between financial industry and digital asset

I saw the same information a time ago where Visa and Mastercard trying to implements their service in to blockchain in the meaning that you can buy something with your creditcard by taking advantage of cryptocurrency and purchase via card without using mobile devices

Mastercard and bitcoin together? Hmm, sounds very strange. By the way it sounds logical if they decided to invest in blockchain technologies or even plan to implement it. But I can't understand why blockchain didn't gain their attention from the very begining? Well, good at least, plus governments are implementing blockchain technologies in land registry and etc, seems we all will move on BC technologies soon.

yeah, mastercard invests in the blockchain, I've heard the news, and sometimes I've also heard news of theft of money via mastercard because it's hacked, hope I hope mastercard joins the blockchain to be better and be safe from hackers, because I haven't heard blockchain hacked.

That's a good news. Recently there have been many big businesses heading for Crypto. But the value of the altcoins are still unchanged, I think they are prepared for the most powerful pumping. Such news makes me feel very excited every morning. ;D

that's really good news considering that the blockchain system they match with their financial transaction system, this will in some way boost the price of the crypto currency, but what is still my question is whether it will be able to be used in all countries, since not all countries legalize the currency Crypto is used as a transaction tool and even considers the crypto currency to be illegal and could threaten a country's economic stability

It really boggles my mind as well, but I am sure they would not have much to go far before we would start seeing that become a reality actually. Nonetheless, we know the rate at which a lot of organizations and companies are beginning to tap into this space, shows that a lot of them are gradually seeing the great benefit they are going to tap from this space in the long run and that is one thing that I am sure in the long run more will keep coming. It is good to actually see MasterCard trying to make the effort to at least provide some solutions which would create some kind of symbiosis in the long run anyway, benefiting all sides.

MasterCard has actually been attempting this for a while now, even though sometimes, I really do not like the action they are taking towards things, although it is understandable that they will still want to be taking some precautions anyway, considering that it is a new space.

It has always been a welcome development, considering that they have the infrastructure to at least make the usage of cryptocurrency be something of a reality in the real life, and looking at the fact that they are making an effort to tap into the market that is growing everyday will most definitely be for their own good as well.

Actually, looking at the article shared https://www.xmlgold.eu/en/news/article/769/mastercard-blockchain/ MasterCard is about to get a patent for managing partial reserves of digital assets which in this case we can classify as cryptocurrency. It was also mentioned in the article, that Accordingly, the use of traditional payment networks and payment system technologies in conjunction with cryptocurrencies on the blockchain can provide consumers and merchants with the advantages of a decentralized blockchain, while maintaining the security of account information and providing reliable protection against fraud and theft, so in a lot of ways, what they are really trying to look at is more like the integration of MasterCard and cryptocurrency as a form of payment.

Investing in blockchain development for finding solutions fo their operators and investing in scam ICOs and cryptos are two different things :) Know that

Mastercard hates bitcoin (understandable) and keeps talking about how bitcoin is the money of criminals and it is spending so much energy and so forth always trying to find something to say bad about bitcoin and crypto in general but they LOOVE blockchain.

Blockchain is here thanks to bitcoin, they are one and together, without crypto currency you will have a worthless token based on blockchain creating a false chain that could be erupted or hacked or basically changed the way anyone wants because it is easier with a %51 attack taking control of the coin itself. If you do not want that to happen you need hundreds of users at least if not thousands to make sure your blockchain is ran properly with a peer to peer connection making sure each chain is unique and not tampered with.

Yes, agree. I read that also before but hopefully this will be true at this time. Quite  very good information.

The purpose of the news is to gather the important details and people will know how does it work. Well the most common side of the news is good side because it determine either a good effect of the action or not. At of this time it is always a specteculations we need to prove more effort on it.

Very timely, good news. Blockchain should solve the problems of large companies, it is good for everyone.

The Blockchain technology is sure to be embrace by most organization base on the relevance of the technology to the global world, Mastercar will be part of the early adopt-or if what I read in the article is to go by, Blockchain technology is a requirement for this present age.

Whether reliable or not, this will not have much to do with the crypto space, and so far I am sure the position where MasterCard stands with cryptocurrency is glaring and they have said recently that until there is a large room where the space is pretty big, before they will end up seeing how they can integrate payment of crypto with cards but who really cares.

What they are trying to do now is to see how blockchain is going to benefit them in terms of development, or should we say they are probably trying to look into the future and how they will be able to make any form of integration easier.

Master Card is for banking system first of all Bank itself doesn't want to direct involve in any crypto currency transaction because this is their opponent in terms of doing business. I think this news is not legit and I hope that nobody can react my opinion because I have the right to express my own analyses.

Blockchain technology is a significant help in facilitating payment, clearing and settlement!
MasterCard is an international credit card system!
The investment blockchain helps speed up development settlement and reduce settlement costs!

Well, this is a good steps that Mastercard investing in blockchain. Maybe Mastercard is experimenting and trying investing in a blockchain technology if they gonna success or not. Let see :)

It's great, more sectors adopting blockchain then our lives could be come easier, blockchain got a huge potential to be very useful in helping us to do transaction, with it's transparency we can easily solve problem, and with the implementation it will help MasterCard to become more popular payment

There is a difference between looking for ways to provide better services and investing. Most of us already knows that Microsoft works hand to hand with some exchanges/Blockchain wallet providers in providing services for debit cards, and that’s a normal thing which they do everywhere there is a such services just like PayPal. So that doesn’t mean they are investing, they are only after their own gain.

Initially, everyone was against it, but ultimately everyone will come to the blockchain.

Yes not only mastercard bank also investing in blockchain and even they trying to provide blockchain technology which is i think blockchain will be so crucial in future of businesses. There is 2 big bank that i know approching the blockchain technology, it is common wealth and HSBC and i believe many more will follow.

Mastercard just want to receive money from blockchain patent, and if everything will go as planned, blockchain users start to pay them some fee. It is just start smart way of money earning from patent.  ;D

My opinion is that the right step for Mastercard is to provide more services because the blockchain technology itself is already widely used by people and also this technology is the technology of the future.

That is a very nice development and that is more reason I think cryptocurrencies and blockchain technology will rule the future.  If big companies like master card will come in then I believe other financial services providers are going to come in.  The future is very bright and all we need to do is to key to it as one of the early adopters.  If you follow the unfolding event you will agree with me that cryptocurrencies is the future.

I think it would be perfect for the financial sector and transactions. Mastercard is the most popular service in a payment so when adopting blockchain technology, Mastercard will become one of the most efficient and safe payment services for everyone to use.

of course large companies must be able to read the future for the continuity of their business. by joining blockchain, they don't stutter to face technological advancements

Good for mastercard in using blockchain in their business. This just shows that blockchain, although frowned upon as just a buzzword by a lot of people, is actually already spreading in a lot of businesses as it is actually a good technology that could be used not only in cryptocurrency.

I agree because I know that Visa and Mastercard doesn't even care to support cryptocurrency by now or in the future but what is interesting here is that they are adopting blockchain technology because they already know the advantages in it just like having faster transactions, security and other related features that gives users convenience and of course it will save much time  and effort.

It looks like MasterCard is interested in Bitcoin. If MasterCard has started implementing blockchain technology then it will make it easier for us to credit and pay it with bitcoin. And this could motivate some countries that ba (http://yubster.com)n bitcoin by looking at news like this.

Considering many Bitcoin buyers already use VISA or Mastercard credit cards and debit cards, it is not such a surprise to see MasterCard adopt the blockchain. In fact, the blockchain makes transactions more secure so it makes financial sense as to why financial companies are investing into it.

I wouldn't put it against every single bank, and payment processing company to invest in the blockchain in some way.

It makes the top crypto currency transactions more secure, definitely not the transactions within the legacy financial system. They are all centralized remember? Their security model is reversing and blocking transactions.

If banks are as greedy as they have always been, they won't even allow the customer to enjoy the efficiency gains they booked by adopting the blockchain technology. They are the rats Bitcoin (the rat poison) is meant to combat.

Banks could technically already operate partly on private blockchains. They could easily continue saying for years that they are researching and investing in blockchain tech, just to not allow you as customer to benefit from that advancement.

Large companies that understand the essence of the blockchain technology, strive to introduce it into their business processes.

No, not everyone is against blockchain. Actually banking system loves this technology because the way it can change their system for the better. It can really improved business wise that's why everyone is getting on-board with this technology.

Mastercard can really take advantage of blockchain by looking at how it can improved the processing of its transactions, from approval to actual charges to the card owner. So i'm not gonna be surprised but this moved at all, it all makes sense at operations and business point of view.

Times are changing for companies. Sometimes the decision or policy of a company is largely dependent on the people running it at the time which could change any minute the moment the board no longer trust the management and decides to bring in fresh blood. When this happen, the same thing they castigated, might be the very best alternative cause of action which is why I am always skeptical about news on how companies are saying or positioning some negatives about blockchain or crypto currency.

However, this should not be mistaken for their support for crypto because they are two separate things and its the one that is promoting their own objective they are likely to be receptive towards.

I think mastercard is not interested in Bitcoin, but actually in blockchain technology. Perhaps the MasterCard is preparing to use some kind of completely new currency about which we still do not know.

This is very interesting and a welcoming news for the blockchain. This gets to show that cryptocurrency is not the only functional use of the blockchain technology as most people think. It can also be integrated in other financial services.

Yes, agree. These established and known financial institution are very open to the blockchain technology. It is a must for them to keep in track with the newest technology. That is part of the business. They're thinking ahead of time, otherwise they'll be left behind.

More and more bank related companies will sure to adopt in crypto as the potential keeps bringing them into the idea of involvement and how beneficial it could be of they will try it.

Blockchain is really an excellent technology that getting the attention of the well-established and strong institution such as Mastercard. It's a great move for Mastercard invest on blockchain in preparation for the future. We may never know how fast would blockchain technology take charge that maybe in 5 years time we are the world of blockchains.

In a sense, blockchain is actually a very good technology for recording transactions and keeping track of any and every transaction across the world. It would also lessen fraud by KYCs and AMLs among other ways to protect customers. Besides, more investments on blockchains means more innovations on it in the future.

after visa mastercard has biggest market share and mastercard dont want to left behind in technology evolution so master card is concentrating on blockchain technology. Master card getting involved in blockchain is positive sign for blockchain and cryptocurrencies all together the blockchain space got well established payments company

What we are waiting for is only proof that that news it true or only valid news. But it is true if it will happen to then the effect of MasterCard that uses blockchain will be very good for all of us, and MasterCard users are very much in that case this will increase a lot of bitcoin users too and maybe it will be good news for a (http://yubster.com)ll of us.

I'm not sure about this news, even though this is very wanted by bitcoin users. must remain realistic and hope for this kind of news next year. we have lost a few percent of our assets.

This is a very good step for master card itself. If companies want to survive in market they need to adopt new technologies quickly else the companies will be left behind. Blockchain technology is the future and many companies have already realized this.

I believe this is true. Smart companies will lay out the blockchain market ahead of time. I think there are still many companies involved in the cryptocurrency market. But now this is just experimentation, when the cryptocurrency market becomes healthy, they will invest heavily.

Ripple has been working with banks longer than any other crypto currency, we are talking about how the ETF can change bitcoin so much and that banks will pour money into bitcoin investors will love etf and so forth but ripple has been doing something similar for years now promoting their blockchain to the banks and helping them setup a system of transactions for far cheaper.

Mastercard realized that their system of transaction is costing a lot more than it should and now there are rivals to their system and if they do not innovate they will be left behind and soon there will be crypto systems everywhere making their system worthless hence they need to innovate and use blockchain to drop their charges as well otherwise they will be dust. It is not a shocking news that they are basically improving their ways to catch up with the times.

You will see that eventually everyone will adopt blockchain, in one way or another. Bitcoin opened many doors, ripple is a new thing on the market, I earned a lot from ripple, I like them cause they are very active, and something always happening with ripple, you can read about it everywhere. Everything starts with adopting one coin, soon after that second coins comes, in the end everyone will use cryptocurrencies, my point is that its good to have bitcoin, its also good to have ripple, its awesome to have many cryptocurrencies in your portfolio.

mastercard is one of the giant financial companies in the world, almost all countries in the world use its products, so in my opinion if mastercard is currently investing in the blockchain then this will be a trigger for prices that will skyrocket and be very profitable in the future

It is not only MasterCard but there are also other Banks that adopt to blockchains. But with these good news we see, it is still not good enough for another bullrun and we should still be patient on the current market.

Many institutions have a great interest in the blockchain, after all it is a great invention but they are not interested in blockchains that are free for everyone to use, banks are interested in creating private blockchains and that can be dangerous since the blockchain like any tool can be used for our benefit or against us, so they are probably trying to find ways to destroy it so they can kill this market while they still can.

Bull run is a result of manipulation by the whales. It cannot happen only with such positive news. That's the reason that we are still seeing low bitcoin prices even though bitcoin is more massively adopted as compare to last year. Bitcoin will pump only when whales will pump it.

If big financial services like MasterCard, Verve Card and Interswitch can inculcate blockchain in their business, it will also give more credence to whatever we are doing in crypto as well.

I applaud MasterCard for this their decision. The competition it will create with other similar services will help to strengthen the blockchain technology further.

We do not need those companies to give credence to what the developers are doing, their blockchains are going to serve them only to themselves and we will be unable to see what they do with it and it is likely that anything they discover they will keep it private or they will try to get patents over their discoveries, so whatever they are doing that does not benefit us in any way.

Master card investing in blockchain does not mean much to the cryptocurrency world because blockchain is a wide rang of service network and cryptocurrency is just one of them. Why am making this point is what we witness in the cryptocurrency network where visa and MasterCard did not support cryptocurrency related transactions.

Mastercard is really looking forward to adopt blockchain and i hope in near future they will do more and more in blockchain.

If mastercard invest in bitcoin and blockchain, i hope this will opening the doors to banks. If banks open the door cryptocurrency deposit, it will make mass adoption become closer and i think its good news for cryptocurrency community.

I hope this become a great news and become catalyst for bitcoin and cryptocurrency. Its much better if master card issuing debit card with bitcoin deposit option and i am believe many people will use it

You're right, MasterCard is trying to develop personal blockchain technology and even patent technology that is actually free to use and develop. But now I have not seen the development of the blockchain technology that they are using, whether it is effective or even a part of the centralization of the latest models.

That is a good signal. Paypal and Amazon, Alibaba will soon invest in blockchain technology to get the best service for users. The more competitive the commercial market is, the greater the value of Blockchain technology and the more used in the future.

I hate these people who talk about bitcoin like it is something bad but than go out and get into blockchain.
Like blockchain is some sort of amazing new technology and bitcoin is the root of all evil. They are making their money thanks to people not using bitcoin and if all of the world started using bitcoin for sending money to each other or spending money all over the world than places like mastercard will seize to exist quite quickly, that is why they are trying to discredit bitcoin as much as they can and try to offer blockchain as a solution like they are two very apart things.

Blockchain IS crypto currency and will always be tied together, you get one with the other and not solo, if you like blockchain and want to invest into it that means you like the idea of bitcoin as well.

More company in financial sector join in bitcoin and i think its good for cryptomarket. MasterCard is top payment provider and if martercard accepting bitcoin, crypto community can spend bitcoin in any merchant more easily and mass adoption become closer

Its correct information or not, maybe just some opinion to make all investor interested to buy and invest their money at bitcoin, will be available to make price bitcoin up with positive information, always keep your money is save before you invest at crypto.

That's true, when bitcoin existed and started it's way to popularity, they are the first one to criticize but when it gains they want to jump it
and want to have a share on the entire pie. only shows that their words cannot be trusted, they are want to manipulate people but they will still focus on where the money is.

blockchain and bitcoin are different, nowadays many people think that both are the same, if mastercard invests on blockchain, it means that it's true they are investing in bitcoin, because blockchain is a system, while the investment tool is bitcoin. must be wise in responding to a news so that we do not fall prey

There is huge competition in the electronic cash and digital payment methods industry. It is logical that they will try to find another way of making one step ahead of the competition and that will place them in No.1 rank among its competitors. I hope that more companies in this sector would do the same and push mass blockchain adoption to its max.

if im not mistaken there is already a credit card before that supports bitcoin . i read and see it on some websites before but i forgot its actual name .  mastercard might not be the first to suport crypto but many people will still trust it when compare to its other generic competitors  .   most importantly this can bring a positive effects to the current market situation  .

Currently there are a lot of big businesses who are interested in participating in crypto and the world is really paying attention to crypto.
it's really a great technology and it's indispensable in a modern world, it's blockchain technology. This investment is perfectly reasonable because the transaction speed and transaction fee of mastercard are still very high and slow compared to ETH or EOS, ...
In 2 or 3 years, you'll see a lot of other commercial businesses investing in crypto. ;D

Its a good thing of course but hopefully its more on cryptocurrency technology and not a bank system anymore. Mastercard is a big company, and if more companies will adopt cryptocurrency this year expect the market to go up high. A lot of big companies are interested in blockchain technology, let’s see who’s next to speak about cryptos.

Very good news for mastercard users because it can guarantee better security of credit card transactions and full control of the information.

Ya they are getting many patent related to crypto,it is difficult to forecast that they will use blockchain tech in future.but they are mainly focus on capturing payment space so they trying to get crypto payment technology related patent so they can get revenue from the user using their tech.

Great, with all I know and hear in the news lots of big economies want to invest in a blockchain technology where everyone can. and I'm really surprised to know that the mastercard wants to invest in a blochchain as it is known for cryptocurrency this very popular company around the country is a nice one and it also helps investors as even large companies want to join a cryptocurrency and invest. nice to hear that too.

Because they see this as a potential benefit to the company. It is right. I think that the rest of the companies will start taking the first steps towards the block chain soon.

It's not just the MasterCard but even there are some banks who are testing blockchain technology to optimise their internal mechanism in order to compete with rapidly changing fund transfer industry. The blockchain is a technological innovation which brings the speed and transparency into the system and that's the reason why it is not just limited to finance sector but also we could use it in other sectors too. I am sure that we will see many companies using blockchain technology in multiple sectors in 5 to 10 years from now on a global scale.

this seems to be just an opinion, there is not enough convincing information such as information from the cointelegraph website or something like that. I'm also not sure that Mastercard has been able to move into the blockchain system that easily. It will reorganize their whole system