Topic: mastercard attacking Bitcoin - page 2. (Read 7693 times)
Acknowledging BTC at all is an insight in to their perception as a threat. Should get interesting from here out, MC and Apple making statements like this is like shooting a BB gun at a freight train.
The funny part is that in less than 20 years, if MasterCard doesn't want to completely disappear forever, they'll have to somehow adapt their business and reconvert themsevels into something that runs under the Bitcoin blockchain and serves a positive reason to exist for crypto. They choose: Join us or perish.
First they ignore you, then they mock/fear you, then they fight you, then you win.
I guess we are in phase two.... on the way to phase three...
I guess we are in phase two.... on the way to phase three...
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.
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.
All of this PR is all signs that credit cards should be worried. I hate Visa and their interest rates and fees. If Bitcoin were used everywhere, I would work to pay off my credit card debt and never use them again. I love how bitcoin wallet addresses are so unique and even if someone were to find out your address they won't find your wallet. How many people's credit cards were stolen online?
At best I hope all they can do is slow it down but not stop it.
well i believe they will otherwise bitcoin will replace most of them because loow fees ,and well future is coming
There is absolutly not doubt that future transactions will be based on blockchain technoligy. As MC also point out, there are some good reason while bitcoin will not replace MC. But bitcoin is just the start, the proto typotype so to say. I have no doubt that all the major credit card company and banks are developing their own blockchained based currency. They are just keeping it a secret.
well bitcoin is the future of fiat, banks must addopt it, the changes that all facing several problems soo fees would be the way to live and stay away from problems ,fee on BRAZIL is juat 50% on some products.... that we pay to receive anything from other country.
If that 50% is import duty, you are going to continue to pay it, whether Bitcoin is widely adopted or not. Bitcoin can smoothen international trade, but definitely can't change international policies.
yes those fee will keep to be paid the cards fee is just around 4% i guess worlwide soo in 10000 dollars transaction we pay 400 dollars soo with bitcoin we should pay around 40 dollars maybe?
well bitcoin is the future of fiat, banks must addopt it, the changes that all facing several problems soo fees would be the way to live and stay away from problems ,fee on BRAZIL is juat 50% on some products.... that we pay to receive anything from other country.
If that 50% is import duty, you are going to continue to pay it, whether Bitcoin is widely adopted or not. Bitcoin can smoothen international trade, but definitely can't change international policies.
yes they are worried about the bitcoin as bitcoin is a competitor for them now and they are considering it as a threat to their businesses and the customers as the customers have started knowing the bitcoin and are getting attracted towards the bitcoin and master card are afraid of loosing their customer.
Not only loosing the customer, every Credit card companies are going to pay price for their brutality in the name of hefty interest slapped on the loyal customers due to their exceeding time limit periods to pay the money.
well bitcoin is the future of fiat, banks must addopt it, the changes that all facing several problems soo fees would be the way to live and stay away from problems ,fee on BRAZIL is juat 50% on some products.... that we pay to receive anything from other country.
The people who are using bitcoin knows the advantages of bitcoin as it is the simplest way to transact and that is the reason it makes bitcoin so attractive. Mastercard just got frustrated
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...
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.
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.
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.
MasterCard butthurt make me smile
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.
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.
Quote
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.
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.
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