mastercard attacking Bitcoin

[bitcollins85]

It's really not that amazing that they are scared.
Either Bitcoin or some other crypto currency has the potential to become a big player in the financial systems of the future.

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[Herbert2020]

It's really not that amazing that they are scared.
Either Bitcoin or some other crypto currency has the potential to become a big player in the financial systems of the future.

they realized this so they are trying to keep their customers from using payment system like bitcoin instead of their system. or at least make them think twice when they want to use bitcoin,.

[fkvidar]

With every new p2p technology comes a scared middleman trying to protect his profits.
Cryptocurrency brings the person to person transactions of paper money to the electronic world.

[misterycoins]

They will try to limit the inevitable expansion of cryptocurrencies… but they will fail eventually

[klm bitcoin]

That's a positive sign... They obviously see bitcoin as a genuine threat to their monopolies

[klf]

When the concept has matured and found it's legs it will be interesting to see the real world Companies and Banks fight it.

[Gyfts]

Ehh, no surprise a credit card company would be worried about crypto currencies. I wouldn't take a word they say into consideration. They're trying to talk rubbish to the currency that will most likely replace it.

[pooya87]

It's really not that amazing that they are scared.
Either Bitcoin or some other crypto currency has the potential to become a big player in the financial systems of the future.

this shows that they have lost some considerable users or at least they have seen a growth in using bitcoin instead of their service, otherwise they wouldn't give a shit about bitcoin being safe or the things they mentioned in the article.

[MicroGuy]

When the concept has matured and found it's legs it will be interesting to see the real world Companies and Banks fight it.

Yeah, if the Bitcoin developers can get their heads out of their asses, this bitcoin thing might actually work.

[saturn643]

those companies are just too scared of bitcoin and they must because they will loose several clients as thousands and millions on the next years.... soo they attack while bitcoin starts get mature and able to grow it worth....

yeah Bitcoin does have the potential to make some businesses or at least some big portions of businesses unnecessary.

[Amph]

When the concept has matured and found it's legs it will be interesting to see the real world Companies and Banks fight it.

i think they will join it at this point, they will join it in some way, for example like they are doing right now, with the costruction of their own blockchain, or maybe they will use the bitcoin blockchain to save money and time..if they are smart enough

[bornil267645]

When we try to purchase anything off the internet with our credit cards, there's every chance that we might get stolen.

With bitcoin, there's no chance to even find out the wallet.

People are not willing to use credit cards and get robbed in small time payment when they know they have better options.

So yeah, they should be worried.

[Anony]

When the concept has matured and found it's legs it will be interesting to see the real world Companies and Banks fight it.

i think they will join it at this point, they will join it in some way, for example like they are doing right now, with the costruction of their own blockchain, or maybe they will use the bitcoin blockchain to save money and time..if they are smart enough

As million of people using bitcoin debit card.It enable uer to convert Bitcoin to CASH which you can withdraw anonymously from ATMs around the world where bitcoins are excepted.With the growth and fame of bitcoins mastrcard are at risk.They want monopoly and top position on the financial market as payment processor. 

[Mellnik]

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.

[bryant.coleman]

When we try to purchase anything off the internet with our credit cards, there's every chance that we might get stolen.

It is not that simple. Normally, if our credit card information gets stolen (mostly as a result of negligence) and it is used for some rogue transaction, the bank will refund the money after a simple investigation. But in case of Bitcoin, if someone steals the wallet password and transfer all the coins out of it, they are gone for ever.

[acquafredda]

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.

Come on let's be serious: is there any difference between VISA and MC?
For me it's like coca cola and pepsi. They seem at war but both of them have huge profits.

[AtomicStrike]

MasterCard butthurt make me smile 

[gentlemand]

MasterCard butthurt make me smile 

Anyone who is into BTC at this stage sure as shit isn't going to listen to what Mastercard says. If and when the public in larger numbers starts to embrace it it'll be too late for them to influence the way they're thinking anyway.

They're not doing themselves any favours with this attitude. It does make for excellent quote material to annoy them in the future though when they relent and start to process it.

[ifightformerkel]

Nice.
btw. this is no joke now, 1 month ago i read a german article, where stand that in about 4-5 years bitcoin will be so big like mastercard.
They calculated, that the price of 1 bitcoin will be then about 50.000 Dollar.

And now i read this here.  

[knowhow]

well the community support present on bitcoin is very easy to other companies be scared how we keep growing every day ,spending our money into bitcoin world and not on the places they wanna us to spend with their cards...