mastercard attacking Bitcoin - page 4.

Karasugoi

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Quote from: Snorek on June 18, 2015, 05:47:12 PM

When more people will realize that they can use bitcoins without borders, globally, as remittance solution - it will be a breakthrough. Payment processing companies gonna tremble.
They know this and we can see how scared they are now. I am sure Visa, Mastercard, PayPal are gonna soon start full anti bitcoin campaign - if they want to survive it is the only way.

Bitcoin is so vastly superior for remittances, but we are still so early in adoption.
It is puzzling that more people are not utilizing it. I know I would much rather send my family
10% more money rather than wasting time and money in line at some Western union office.
The whole remittance system is so ripe for disruption it is frightening.

saturn643

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Consider this.
Bitcoin is the only way to use electronic money without it being owned by a private company.
they are afraid of a future competitor

jayce

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Pie Baking Contest: https://tinyurl.com/2s3z6dee

Quote from: Snorek on June 18, 2015, 05:47:12 PM

When more people will realize that they can use bitcoins without borders, globally, as remittance solution - it will be a breakthrough. Payment processing companies gonna tremble.
They know this and we can see how scared they are now. I am sure Visa, Mastercard, PayPal are gonna soon start full anti bitcoin campaign - if they want to survive it is the only way.

Yeah they are being intimidated by bitcoin now, and I think the best way to survive is keep their customers away from bitcoin instead of looking for new customers. And maybe they will exaggerate the bitcoin problems like people using it to drugs transaction or black market,etc.

Snorek

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When more people will realize that they can use bitcoins without borders, globally, as remittance solution - it will be a breakthrough. Payment processing companies gonna tremble.
They know this and we can see how scared they are now. I am sure Visa, Mastercard, PayPal are gonna soon start full anti bitcoin campaign - if they want to survive it is the only way.

Xenoph0bia

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Quote from: dollarneed on June 16, 2015, 09:36:45 PM

forget about master card,just using bitcoin and make them bankrupt, so many fee's has been deducated from our money but now its time for bitcoin,this is future

Yes they have made huge profit out of collecting fees from the customers but the bitcoin is different identity and we don't have to pay annual fees as we pay in mastercard so that would save our money and now we don't need credit card to make purchases online. Bitcoin will take care of it. Cheesy

knowhow

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mastercard attention is amazing they cant strike bitcoin .... lower fees a lot interest on bitcoin already they made the attack too late bitcoins technology is above some heads already.... master is worldwide as bitcoin the diference is fees.... and well transactions takes a bit more in bitcoins then on master or visa cards that are instant soo if bitcoins makes blockhain confirm all transfers instants would mean that others will get burned on the road.... people would go for a loan of bitcoins with low fee ,would use some btc to pay on end of the month as well the thing is bitcoin stills volatil if were a fixed price should be diferent but is better this way since no banks manipulation on it .There is a huge potencial and a small hall to bitcoin take control and well the sky is the limit

vrm86

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Wow, if MC decided that is worth to open mouth and say anything about Bitcoin, that means that it's becoming a serious business Cheesy

Don't think that cc operators can compete with cryptos as this is new standard, a level up in evolution of tenders. It's like car manufacturers would warn against aircrafts.

dollarneed

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forget about master card,just using bitcoin and make them bankrupt, so many fee's has been deducated from our money but now its time for bitcoin,this is future

longbob72

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This shows that the BitCoin is expanding and gaining a lot of strength around the world. Maybe one day this method of payment is not as popular as the credit card

BIT-Sharon

sr. member

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HAHA, It is a good news, if the transaction of Bitcoin needs administrator, who will the bank trust to do this, certainly the bank itself, so it should admit it first and make regulation, then people could feel relieved to use it.

zeraTunerse

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Quote from: mearylll on June 16, 2015, 04:24:28 PM

Quote from: mearylll on June 16, 2015, 04:23:55 PM

Quote from: tommorisonwebdesign on June 16, 2015, 02:55:26 PM

I agree. Any attack on Bitcloin by MasterCard is good in my books. Bitcoin has so many advantages the credit card companies are on their way out. Interest rates are lower, and blockchain is only beginning to find more uses.

That is true that Bitcoin has many advantages over the master card But the main concern is Bitcoin still needs a time and support to get on the mainstream and that is only possible by the mass adoption and the awareness of the people around us. Once Bitcoins get on mainstream it would be difficult to stop it.

Yeah But when it will get on mainstream man?? I mean still how long years do we have to wait it is already 6 years into existence so when it will get on mainstream looking at the present scenario I find it way long that either it would get on mainstream or simply disappear from the market without leaving its footprints.

mearylll

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Quote from: mearylll on June 16, 2015, 04:23:55 PM

Quote from: tommorisonwebdesign on June 16, 2015, 02:55:26 PM

I agree. Any attack on Bitcloin by MasterCard is good in my books. Bitcoin has so many advantages the credit card companies are on their way out. Interest rates are lower, and blockchain is only beginning to find more uses.

That is true that Bitcoin has many advantages over the master card But the main concern is Bitcoin still needs a time and support to get on the mainstream and that is only possible by the mass adoption and the awareness of the people around us. Once Bitcoins get on mainstream it would be difficult to stop it.

mearylll

sr. member

Activity: 315

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Quote from: tommorisonwebdesign on June 16, 2015, 02:55:26 PM

I agree. Any attack on Bitcloin by MasterCard is good in my books. Bitcoin has so many advantages the credit card companies are on their way out. Interest rates are lower, and blockchain is only beginning to find more uses.

That is true that Bitcoin has many advantages over the Bitcoin But the main concern is Bitcoin still needs a time and support to get on the mainstream and that is only possible by the mass adoption and the awareness of the people around us. Once Bitcoins get on mainstream it would be difficult to stop it.

tommorisonwebdesign

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Activity: 448

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I agree. Any attack on Bitcloin by MasterCard is good in my books. Bitcoin has so many advantages the credit card companies are on their way out. Interest rates are lower, and blockchain is only beginning to find more uses.

Xialla

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/dev/null

even it may sounds crazy it is somehow good for bitcoin, that company like mastercards attacking. actually, very good.

knowhow

hero member

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well i got your points banks doesnt wanna be exposed ,blockhain tracks all transactions.. soo those way owners could steal money or corrupt potliticians.... soo better stay away to avoid be catched ,even mc wanna to show all transactions they made as receive .... how many payments they hide.....

Amph

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Quote from: elvizzzzzzz on June 16, 2015, 02:51:17 AM

Just thinking about fraud.

If fraud increases, Mastercard must charge higher fees.

Is it really in Mastercards interest to reduce fraud?

Unless, of course there is a competitor with much lower rates of fraud ...

so they actually fear the competition not bitocin itself, they don't want to lower their fee because bitcoin has a non-existing ones, it could make more sense, if you see it in this way

Quote from: subSTRATA on June 15, 2015, 10:54:36 PM

Quote from: grendel25 on June 15, 2015, 10:45:36 PM

Like MasterCard is more transparent than bitcoin? Bitcoin's ledger is open-sourced and owned by anyone who so cares to own it. Anyone can easily verify any transaction and there is actually privacy for the users of bitcoin. So how does it work with MasterCard? Special investigators required to detect fraud. And then let's not even get started with their executives. How many millions do they "earn" off the backs of their livable wage employees while they enjoy their lavishes?

What a bunch of hypocrites.

exactly, with the blockchain being a public ledger, we individuals can investigate for fraud, like with the whole cryptoforcause/aahzmundus fiasco that just happened, props to QS for finding those links. we dont have to rely on the words of some company to give us the facts.

this is maybe the best reason why banks are aiming in adopting the blochchain tech, and not caring so much about bitcoin

elvizzzzzzz

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Just thinking about fraud.

If fraud increases, Mastercard must charge higher fees.

Is it really in Mastercards interest to reduce fraud?

Unless, of course there is a competitor with much lower rates of fraud ...

subSTRATA

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:^)

Quote from: grendel25 on June 15, 2015, 10:45:36 PM

Like MasterCard is more transparent than bitcoin? Bitcoin's ledger is open-sourced and owned by anyone who so cares to own it. Anyone can easily verify any transaction and there is actually privacy for the users of bitcoin. So how does it work with MasterCard? Special investigators required to detect fraud. And then let's not even get started with their executives. How many millions do they "earn" off the backs of their livable wage employees while they enjoy their lavishes?

What a bunch of hypocrites.

exactly, with the blockchain being a public ledger, we individuals can investigate for fraud, like with the whole cryptoforcause/aahzmundus fiasco that just happened, props to QS for finding those links. we dont have to rely on the words of some company to give us the facts.

grendel25

legendary

Activity: 2296

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Like MasterCard is more transparent than bitcoin? Bitcoin's ledger is open-sourced and owned by anyone who so cares to own it. Anyone can easily verify any transaction and there is actually privacy for the users of bitcoin. So how does it work with MasterCard? Special investigators required to detect fraud. And then let's not even get started with their executives. How many millions do they "earn" off the backs of their livable wage employees while they enjoy their lavishes?

What a bunch of hypocrites.

Topic: mastercard attacking Bitcoin - page 4. (Read 7693 times)