It shows how scared MasterCard is due to the rise of Bitcoin. It's ironical that in their recent risk disclosure statements, MasterCard & Visa did not disclose Bitcoin as a risk! But from deep inside they are totally scared.
Full news story here:
http://thehill.com/business-a-lobbying/business-a-lobbying/204733-mastercard-lobbying-on-bitcoin
I think the community or the Bitcoin foundation need to wear their Lobbying hats NOW!
I think now I can confidently say: Bitcoin to the moon (AKA: $10,000) -- in medium to long term, of course.
Full news story here:
http://thehill.com/business-a-lobbying/business-a-lobbying/204733-mastercard-lobbying-on-bitcoin
I think the community or the Bitcoin foundation need to wear their Lobbying hats NOW!
I think now I can confidently say: Bitcoin to the moon (AKA: $10,000) -- in medium to long term, of course.
Are you joking?
http://www.coindesk.com/new-mobile-payment-system-paym-poses-challenge-bitcoin/
Do you know how easy it is for most credit card companies / banks to implement this "Paym" solution(it already exists in some major banks)? Like I have always said, Bitcoin doesn't help the normal average person almost at all in any way shape or form. Most people don't ever pay any fees on any banking services, especially when credit cards give you 5% off on rotational categories and 2% on every day purchases.
The case is closed on how much BTC helps average person, it doesn't.
however, tech people will use it always no matter what, so there is certainly a niche that won't go away.
I gotta say, it has been a good run, but Bitcoin can easily be shoved into the back of the closet. A few gifted coders did create something that is good yes. But everyone is very entrenched in loans with USD and banks and CCs. Bitcoin taking down the USD as the world reserve currency is a complete joke. That is like saying Apple will gain more market share in operating systems for computers/laptops. Never gonna happen ever.
