MasterCard crypto service will make any difference?

elisabetheva

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Quote from: HashingTower on November 01, 2021, 02:29:38 PM

If mastercard offers crypto service at this point what do you think will happen? Will this have a good impact on crypto price or it's not going to matter anymore? Probably just like how many stayed away from PayPal crypto service

Actually there will not be any impact when matercard offers crypto services, because whether or not crypto can be accepted by mastercard does not affect financially.
but the possibility that good news will spread that crypto has started to be used by mastercard will add to the trust in crypto even more.

so that the possibility of that trust will have an impact on institutions or investors increasingly trusting and willing to buy and use crypto. As a result, crypto is increasing because trading is increasingly felt in every transaction. there will be many new projects that will compete to continue to increase the value of the crypto.

zonefloor

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If mastercard offers such a service, frankly, I do not take kindly to it. A brand that has the most important activities in the field of banking in the global economy. The purpose of cryptocurrencies is to remain anonymous. However, since there will be no anonymity through mastercard, it is inevitable that identities will be revealed. This was about the downside I said. But when we look at the brand, it's a really big brand and has a big name globally. In this case, it will attract the attention of people who are not familiar with crypto money and will mediate their entry into this market.

livingfree

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Quote from: HashingTower on November 01, 2021, 02:29:38 PM

If mastercard offers crypto service at this point what do you think will happen? Will this have a good impact on crypto price or it's not going to matter anymore? Probably just like how many stayed away from PayPal crypto service

It will.

Because every service that adopts crypto will have an additional demand to the market. This makes people have the confident of using their service and will likely choose them other than any other exchange.

As long as the ruling of Mastercard won't be the same as PayPal, then it's going to be good but let's have a glance of their rules first.

Yogee

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Quote from: HashingTower on November 01, 2021, 02:29:38 PM

If mastercard offers crypto service at this point what do you think will happen? Will this have a good impact on crypto price or it's not going to matter anymore? Probably just like how many stayed away from PayPal crypto service

Some people are still reluctant and Mastercard will be another platform that will open the doors for people who wants to have a false sense of security when it comes to buying BTC and other cryptocurrencies. Maybe it will also help people who are still restricted

Will it impact the price once the service is live? Definitely. There is always FOMO when big things happen like this whether you like it or not.

HashingTower

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If mastercard offers crypto service at this point what do you think will happen? Will this have a good impact on crypto price or it's not going to matter anymore? Probably just like how many stayed away from PayPal crypto service

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