mastercard attacking Bitcoin

[goosoodude]

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.

Well, truth is that it isn't that hard to issue a specific debit card if you have a company. IMO the business of bitcoin reloadable debit cards isn't all that huge for mastercard but it's not like they're going to lose their costumers over a statement.

[chmod755]

Well, truth is that it isn't that hard to issue a specific debit card if you have a company. IMO the business of bitcoin reloadable debit cards isn't all that huge for mastercard but it's not like they're going to lose their costumers over a statement.

Are you still going to support them after making a statement like that?

[knight22]

It reminds me this  

[hunnaryb]

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.

Yes they are so frustrated that they have started making negative publicity of the bitcoin and behaving like non professionals..Ridiculous.. The people who are using bitcoin knows the advantages of bitcoin as it is the simplest way to transact and that is the reason it makes bitcoin so attractive.

[anderson00673]

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.

Yes they are so frustrated that they have started making negative publicity of the bitcoin and behaving like non professionals..Ridiculous.. The people who are using bitcoin knows the advantages of bitcoin as it is the simplest way to transact and that is the reason it makes bitcoin so attractive.

Yep.  Bitcoins could potentially cut into credit card profits by quite a lot.  And I am not talking about taking a loan from credit cards, but just using them for convenience.  I read somewhere that they generally get 2% of the transaction costs.  That seems astronomical to me and they are going to fight to keep that money rolling in.

[ahmedjamal1998]

Ok yeah , what they are trying to say is "Bitcoin should be centralized by us"

OK, fuck you is my message. Bitcoin is and will be anonymous and easy away from all your shitty systems.

BTC for ever 

[cozk]

It reminds me this  

Good one.

[ajareselde]

Well, truth is that it isn't that hard to issue a specific debit card if you have a company. IMO the business of bitcoin reloadable debit cards isn't all that huge for mastercard but it's not like they're going to lose their costumers over a statement.

Are you still going to support them after making a statement like that?

Well i for one sure wont go through all the trouble of finding another company just because of this statement. But i have to say that i will reconsider my options once the card
expires, but by then who knows what can happen, maybe they change their stand on it even.

Funny, in the article, the picture posted was from a skrill.com(former moneybookers) debit card, which has nothing to do with bitcoin.

cheers

[1Referee]

MasterCard has already stated not to like Bitcoin a while ago, and now again. No surprise as it is a direct threat for them. I always say; If you can't beat them, join them.

[alani123]

I'm sure that mastercard isn't displeased then crypto users use their products. I don't think think that any bitcoin related debit card product that is powered by mastercard will be shut down, ever.

[Herbert2020]

this is a good news, it shows that there is enough potential for bitcoin to be a good competitor for mastercard. since they are attacking bitcoin it shows that they are worried about their position, and worried about losing customers to bitcoin.

[ranochigo]

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.

No reason for mastercard or any company to force Bitcoin companies to switch. Mastercard earns money through the transactions and they like it the most.

"We would argue that, when compared to MasterCard’s network, the claims pertaining to the speed and safety of digital currencies [do] not hold up, not least given that on average it takes 10 minutes for a block to be verified and that digital currencies are far more susceptible to hacking attacks."

Worst claim ever. Digital currencies are resistent to attacks as of now. If any attacks become viable in the future, hardfork will solve it. Verifying transactions is never mandatory to accept a $5 transaction when you can use protective measures.

[Pursuer]

I thought bitcoin was not that big yet that could threaten any major businesses like MasterCard. this proved me wrong. it looks like they are scared for their future in the market shares,.

[ajareselde]

I thought bitcoin was not that big yet that could threaten any major businesses like MasterCard. this proved me wrong. it looks like they are scared for their future in the market shares,.

The threat that bitcoin presents is relative. The MC reaction could be just a note of caution from their side, any smart businessman will try to eliminate or try to lower the risk rather than to do nothing,
but in this case i believe they are being counter productive to their cause, giving their competition a place on the spotlight, even when it is not a big one; there is no bad publicity (or so people claim)

cheers

[Q7]

When you have a business model where your competitor stands a greater chance to win and totally out compete and squeeze you out, it's normal that you will do anything to prevent that. Bitcoin is still at its infancy stage and it is at this period that the reputation is most vulnerable

[Marbit]

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.

If they insist that they don't like bitcoin, companies should switch to visa

[Amph]

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.

If they insist that they don't like bitcoin, companies should switch to visa

they don't like it, yet some mastercard cards are used for bitcoin business, so something is wrong about their thinking

i think with this, they just want to attract more users to use their circuit instead of visa, and they are not really discredit bitcoin

[Fabrizio89]

If you think mastercard cares about bitcoin you really need to do a reality check guys.

[jonald_fyookball]

If you think mastercard cares about bitcoin you really need to do a reality check guys.

then why are they making a public statement about it?

[Hazir]

If you think mastercard cares about bitcoin you really need to do a reality check guys.

then why are they making a public statement about it?

Of course they care about bitcoin, they care more they are willing to admit, about blockchain and other forms of cryptocurrency and payments. Bitcoin is a direct competitor of MasterCard.
Now you can see that they noticed grow of bitcoin an started to take actions. It is better to start campaign against BTC while bitcoin is not totally mainstream and user base is not that big, if they wait it can be too late.