Mastercard and Bitcoin

[RamesesLabs]

If Bitcoin went to Mastercard, Ethereum and Litecoin would take off. I mean people are complaining about a $0.20 transaction fee, when MasterCard is astronomical for merchants. Mastercard and Visa will go by the wayside in favor of decentralization.

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[bob123]

How do you think, when bitcoin will be available to pay with mastercard?

I would recommend you to read the article. You won't be able to "pay bitcoin with mastercard".
Its about the blockchain technology itself. An patent which has been submitted from MasterCard.
It, itself, has nothing to do with bitcoin. Its just an blockchain based payment system.  Thats pretty cheeky from mastercard..
This probably still will stay centralized and there aren't that much advantages of having a blockchain based technology which is not decentralized and spread around.

[Snub]

You can't pay by a card from your BTC wallet, because your walled stored on your PC.

[theborngeek]

World is changing towards blockchain

[Medow]

no se ve el bitcoin como una amenaza para Mastercard en general. "Francamente, creemos que los pagos con tarjeta son simples, seguros y fáciles de usar

[dissgo]

Many banks love the blockchain technology.
In my country, our banks is learning about it and trying to adopt the technology, but they're like hating bitcoin.
I don't know why, but wish our banks adopt it fast, too.

[copoyes]

which I know especially in my country they are more curious to blockchain technology for the development of the financial system
rather than incorporating bitcoin into its financial system

[Fatunad]

Many banks love the blockchain technology.
In my country, our banks is learning about it and trying to adopt the technology, but they're like hating bitcoin.
I don't know why, but wish our banks adopt it fast, too.

Why they hate it? because they cant make money out of it.Thinking off that those banks are greedy bastards which do really aim on making money on services that they would see that would benefit them and seeing bitcoin would really oppose such thing this is why they wont really tend to adopt it but rather use the technology being used on it when it comes on making transactions which is possible by blockchain technology.There are lots already who are interested on this technology which would really contribute and fasten up transactions that can be applied through their service.

[Rohitha]

So what has been developed openly for the last 10+ years for everybody's benefit... these guys just come along, copy much of it and make a few obvious changes here and there and patent it?

Next thing they will be suing the rest of the crypto community for anything that even remotely resembles what they are claiming to do.

Just like the self fulfilling banking system, Intellectual Property system has also become just another tool used to control and keep in check any challenge to the powers that be... to stifle innovation and embolden big corporates to crush small competitors.

[Moesee]

Clearly they have a love hate relationship with it -
But they NEED to adapt to it to keep up with it and ensure that they are able to still maintain their piece of the pie.

Do you think this will change the community that was built on this type of currency?

Any form of "cryptocurrency" coming from a major institutional player will be just another shitcoin and will share the same fate as all other shitcoins...

Agree stick with the original, BTC leading the way.

[ezhui]

I'm so happy the traditional banks and institutional financial companies hate bitcoin. It means they have feeled the threat from crypto currency, which means decentralization, secure money storage and money transaction on the Internet. Bitcoin has become a potential good which financially tradable and storable equivalent. Banks as one type of intermediaries will be bypassed somehow. People will be more free without bankers.