Mastercard Bitcoin Global Adoption?

[shoreno]

We don't know exactly how this will look like

i heard that visa did partnered with bitcoin before although i havent check what it looks but they might work the same because both visa and mastercard are credit and debit card providers . few months or years after this partnership with mastercard i think the next that will follow is american express and others if there are and/or if they havent yet and by the way nice logo tho op . its okay if they will not support all crypto but what important for us ia that they support the main coin and that is bitcoin

[1714772044]

1714772044

[1714772044]

1714772044

[Daltonik]

Mastercard called bitcoin unsuitable for payments due to its volatility and its transaction takes too much time said executive vice chair Mastercard Ann Cairns in an interview with MarketWatch https://www.marketwatch.com/story/mastercard-executive-bitcoin-is-too-volatile-to-be-part-of-its-network-11614245946

[AmoreJaz]

We don't know exactly how this will look like

i heard that visa did partnered with bitcoin before although i havent check what it looks but they might work the same because both visa and mastercard are credit and debit card providers . few months or years after this partnership with mastercard i think the next that will follow is american express and others if there are and/or if they havent yet and by the way nice logo tho op . its okay if they will not support all crypto but what important for us ia that they support the main coin and that is bitcoin

Don't be naive. We still are not ready to use BTC in everyday life. It's very volatile. You need to read information carefully. MasterCard, Visa and other card providers are talking about adding "stablecoins onto its networks, and is working with central banks on their plans for digital currencies". There’s no word about BTC or Ethereum or some other beloved cryptocoins.

we will see what will develop this last quarter of this year. because thats their timeline when to implement about the inclusion of crypto. more then likely, it will be stablecoin here. not that hard to implement as compared to btc. or maybe bitcoin also, but if consumers will need to pay expensive fees, i dont think this will hit off in the market. i believe they will start with stablecoin..

[tyz]

Mastercard called bitcoin unsuitable for payments due to its volatility and its transaction takes too much time said executive vice chair Mastercard Ann Cairns in an interview with MarketWatch https://www.marketwatch.com/story/mastercard-executive-bitcoin-is-too-volatile-to-be-part-of-its-network-11614245946

Exactly what I wrote a few pages before. Mastercard won't be able to use Bitcoin as a payment/value transfer method, even if they wanted to. You only have to look at the current transaction fees to understand why this cannot work. Mastercard will rely on a semi-decentralized cryptocurrency that is scalable. Which that is remains to be seen.

[Peanutswar]

I think today having a bitcoin atm is widely spreading and some of them are now supported by the people and I think this is a good thing because some of the people today would like to withdraw their funds but the problem is the transaction fees I think this may cost 2-5 USD (just my thought) also just wondering how they make a transaction scanning a QR code or just manually typing the bitcoin address?. For sure this becomes a centralized again.

[oHnK]

For sure this becomes a centralized again.

If that happens, then Bitcoin loses its uniqueness.  And I'm not sure all BTC investors will continue to invest if BTC becomes centralized.  For me, why do I want to invest in BTC because it is not centralized and it regulates the prices, buyers and sellers.  No third party governs this or should it be.  The more there is control, the BTC will be no different from fiat, which is eroded by inflation.

[SirLancelot]

Negative thing: They will surely use some centralized system with possible ban for any suspicious transactions, and they will probably hold private keys for any coins on their network.

I don’t think what you stated as a negative thing is really the negative thing about this; we all already knows that MasterCard is centralized, so you should know that it’s the same method that they are coming with. And as blocking suspicious transactions, well if the transaction is really suspicious then they are doing that to block you from either doing something bad or being done something bad, and that’s it. But where did you get the news about MasterCard accepting bitcoin, because the one I have seen never said it’s Bitcoin, but centralized coins instead.

In the end I am proposing a new logo for Mastercard   

I like your perception; Not sure a corporate will add bitcoin kind of decentralized thing into their logo. Anything will be possible in corporate world for the sake of marketing so I am too optimistic about mastercard to add bitcoin in their logo.

[oHnK]

I just saw the news regarding Mastercard's progress in expanding their services in crypto transactions.  I think this is one of the many reasons that support the stability of crypto prices in the market.  By making it easier for customers to make transactions in their digital wallets, it will be easier for people who don't understand how to enter the cryoto market to learn with this mastercard service.

This is the source https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/mastercard-expands-cryptocurrency-services-wallets-151401539.html

[LUCKMCFLY]

For sure this becomes a centralized again.

If that happens, then Bitcoin loses its uniqueness.  And I'm not sure all BTC investors will continue to invest if BTC becomes centralized.  For me, why do I want to invest in BTC because it is not centralized and it regulates the prices, buyers and sellers.  No third party governs this or should it be.  The more there is control, the BTC will be no different from fiat, which is eroded by inflation.

It is an appreciation but it does not have 100% support because it may be centralized, but only there, if you have control by some users or people it is because they adhere to their rules, obviously it is their decision, but what What really matters is that as more people enter the market, much more demand will be generated, therefore the price will increase because the supply decreases, since it is logical that who will want to sell when the currency is rising, perhaps sell in the first correction or Including in the second and that because you want to do a favor, but it really is not like that, since the currency always gives that behavior when it is going to rise a lot in price.

[karanggatak]

for sure of they want it, bitcoin use for global, not only in big city also spread to the edge. however, lack of spreader make older and small village dont know about crypto, and it can be obstacle for bitcoin to surf around the world, i mean overall. from this moment we know that the big party admit and use it as global supporter for user.

[so98nn]

Mastercard called bitcoin unsuitable for payments due to its volatility and its transaction takes too much time said executive vice chair Mastercard Ann Cairns in an interview with MarketWatch https://www.marketwatch.com/story/mastercard-executive-bitcoin-is-too-volatile-to-be-part-of-its-network-11614245946

Umm, this was supposed to be one of the problem bitcoin would face. That’s the thing bitcoin will never be able to solve I think and it’s going to be one of the biggest hurdles for it to get global adoption status. If MasterCard is not able to think any other ways to adopt the bitcoin then no developer would be able to solve the problem.

First I really thought that MasterCard or Visa will have some solutions. For example, by using the credit system where users will keep spending money on crypto form and at the background these companies will keep capturing the rate at which the transaction made. Later they will accumulate the bills and user will have to pay the amount. Some sort of system could have been miracle. But anyways it seems everything is failing now. Sad to see this news.

[Gyfts]

People tend to forget that the payment processor middle men are the ones that profit from traditional currencies because they act as the intermediate between a merchant and seller -- physical cash isn't supposed to be convenient, they fill the role. I'm cautious when a giant payment processor enters the crypto space because they are shills for fiat currencies and profit from the high fees.

To be clear, though, they can serve a role in a crypto based society, essentially someone can have a credit card based on crypto and can make daily purchases, repaying the issuer in crypto every month. But we're far from that system.

[19Nov16]

Interesting to follow the development of this project, the easiest thing to implement is to make stable coins like USDT successful and faster for marketing, if making pure coins is decentralized it takes a long time to be successful even though their customers have reached hundreds of millions. stable coins will certainly be considered the same as fiat by users who are not familiar with cryptocurrencies.