mastercard attacking Bitcoin

[jonald_fyookball]

Good news, mastercard is getting worried about Bitcoin.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

The "current blockchain process" doesn’t provide sufficient transparency, it says, and regulation should require all transactions to go through regulated and transparent administrators, which would be supervised by relevant domestic, European or global authorities.

Good luck with that Mastercard.  You can try to get your
politician friends to regulate a protocol but I won't comply.

[JayCoDon]

"All transactions should go through us!" is what the person was really thinking. Yeah, that's cool ... Or they can go through thousands and thousands of people verifying transactions, which is far more powerful than just one. When they fear you is when things are getting good.

[ajareselde]

Mehh.. i don't see why they are complaining, since most of bitcoin debit cards are issued by MasterCard, and they take profit from fees day in and out.
Or is it that they saw how people reacted good on that so now they realised how that was only stage 1 of the process 

Screw you MC, politely ofc.

[Hazir]

"All transactions should go through us!" is what the person was really thinking. Yeah, that's cool ... Or they can go through thousands and thousands of people verifying transactions, which is far more powerful than just one. When they fear you is when things are getting good.

That is right, Mastercard is starting to worry. They want monopoly and top position on the financial market as payment processor. People at charge MasterCard are afraid of the cryptocurrency recent development and  they know that bitcoin is the future. Why not smear and tarnish reputation of it, while it is still new technology and people are not fully convinced.

[Kanine Awe]

I think that alot of companies probably have a negative opinion on Bitcoin as a currency and see it as more of a stock or investment option that is extremely volatile.  Only some publicly speak out about it though.

[Scamalert]

Seen the same pattern all over Europe. Banks are terrified about bitcoin, they are all making their own crappy mobile payment sollution. They where just like 5-6 years too late. None of the are based on blockchain tech. just more crappy fiat shit, making money out of the thin air. Looks like a panic solution to me.

[RappelzReborn]

Western Union got suddenly provoked simply by that picture last time .
and now It's MasterCard , it's nice to see them scared and feel threaten by Bitcoin . To da moon

[aztecminer]

Good news, mastercard is getting worried about Bitcoin.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

The "current blockchain process" doesn’t provide sufficient transparency, it says, and regulation should require all transactions to go through regulated and transparent administrators, which would be supervised by relevant domestic, European or global authorities.

Good luck with that Mastercard.  You can try to get your
politician friends to regulate a protocol but I won't comply.

seems like an echo. everything has been slowly heading in that general direction anyways. nothing new here.

[RawDog]

This is like the Yellow Cab taxi company doing an analysis and concluding that Uber has risks which are just too much to accept in view of the rewards.  Hahahahah!  MasterCard opinion of bitcoin is hilarious.  MasterCard is going to the same place Kodak went. Kodak said: "digital photography - no we are not concerned about that, it will never win the attention of true photographers"  Two years later it was bankruptcy for Kodak.  At the very end they launched an aggressive digital campaign.  Watch for MasterCard to launch an aggressive cryptocurrency campaign in the next year.  That will be the hint they are on their last straw.

[crazyivan]

Credit card moguls can suck my hairy ****.

The time of their supremacy s over.

[LFC_Bitcoin]

Mastercard I can smell your fear from here....hehe!
Seriously when corporations act like this it means they're worried, bitcoin is better than credit cards in every way, they don't charge you ridiculous interest, you can't go over your limit (wallet balance).
It's still very early days but as bitcoin grows banks & credit card companies will try to do anything they can to destroy us.

[ragi]

Funny, yeat all bitcoin debit cards are MasterCard...

[oblivi]

I don't think he's actively attracking Bitcoin. The CEO of these companies are literally grandpas, they don't really know what Bitcoin is about. Some do tho, i've just seen the founder of Visa is working in Xapo and is pro-Bitcoin and thinks it's the future.

[pliv84]

Even better, the former CISO of MasterCard just joined BitReserve:

www.coindesk.com/former-mastercard-exec-joins-bitreserves-security-team/

What a PR disaster for MasterCard  

[amiryaqot]

Mastercard got frustrated and they feel they have no future so that is the reason of FUD, BTCitcoin is the future crypto currency and has bright future ahead with so many advantages like it's low transaction fee and super fast processing time.it seems Mastercard admit of it future failure by this kind of statement.

[Alley]

The fact that they are saying anything about bitcoin shows there starting to think of it as a threat.

[masterzino]

Time for mastercard to stop bitching and start diversifying their business model.

[goosoodude]

Time for mastercard to stop bitching and start diversifying their business model.

If we're going to view mastercard as a competitor to retail acceptance of bitcoin, I think that they're doing a good job in terms of acceptance. Why would they diversify their business model when they own a network that can succesfully handle 24k transactions per second worldwide (that's more than bitcoin at the moment btw).

But to be honest, by seeing such a statement I'm pretty sure that they're getting scared of the potential bitcoin could have. 

[mearylll]

"All transactions should go through us!" is what the person was really thinking. Yeah, that's cool ... Or they can go through thousands and thousands of people verifying transactions, which is far more powerful than just one. When they fear you is when things are getting good.

That is right, Mastercard is starting to worry. They want monopoly and top position on the financial market as payment processor. People at charge MasterCard are afraid of the cryptocurrency recent development and  they know that bitcoin is the future. Why not smear and tarnish reputation of it, while it is still new technology and people are not fully convinced.

yes they are worried about the bitcoin as bitcoin is a competitor for them now and they are considering it as a threat to their businesses and the customers as the customers have started knowing the bitcoin and are getting attracted towards the bitcoin and master card are afraid of loosing their customer.

[chmod755]

Funny, yeat all bitcoin debit cards are MasterCard...

I think Xapo is using VISA. Maybe other Bitcoin companies should switch to VISA or other companies if MasterCard doesn't like that kind of business.