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Author Topic: Mastercard is investing in blockchain  (Read 821 times)
proTECH77
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November 01, 2018, 11:53:07 AM
 #21

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....

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November 01, 2018, 07:59:10 PM
 #22

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.

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.

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November 01, 2018, 10:08:33 PM
 #23

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

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November 01, 2018, 10:29:39 PM
 #24

Mastercard keeps searching for ways to provide a better service...
Read more: https://www.xmlgold.eu/en/news/article/769/mastercard-blockchain/
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
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November 01, 2018, 11:23:01 PM
 #25

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.

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November 02, 2018, 12:27:29 AM
 #26

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.
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November 02, 2018, 12:37:22 AM
 #27

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

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November 02, 2018, 05:42:13 AM
 #28

Mastercard keeps searching for ways to provide a better service...
Read more: https://www.xmlgold.eu/en/news/article/769/mastercard-blockchain/
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
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November 02, 2018, 12:06:27 PM
 #29

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.
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.
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November 03, 2018, 09:53:03 AM
 #30

Mastercard keeps searching for ways to provide a better service...
Read more: https://www.xmlgold.eu/en/news/article/769/mastercard-blockchain/
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.
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November 03, 2018, 10:26:02 AM
Merited by Kevin77 (3)
 #31

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

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.
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.
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November 03, 2018, 01:54:07 PM
 #32

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

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November 04, 2018, 01:31:25 PM
 #33

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.
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November 04, 2018, 01:51:30 PM
 #34

Mastercard keeps searching for ways to provide a better service...
Read more: https://www.xmlgold.eu/en/news/article/769/mastercard-blockchain/
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
Yes, agree. I read that also before but hopefully this will be true at this time. Quite  very good information.
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November 04, 2018, 02:29:35 PM
 #35

Mastercard keeps searching for ways to provide a better service...
Read more: https://www.xmlgold.eu/en/news/article/769/mastercard-blockchain/
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.
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
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.
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November 04, 2018, 04:25:29 PM
 #36

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

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November 04, 2018, 10:51:06 PM
 #37

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.
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November 07, 2018, 05:48:05 AM
 #38

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
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.
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November 07, 2018, 06:50:41 AM
 #39

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

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.
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November 07, 2018, 10:01:46 AM
 #40

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!
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