MasterCard will give merchants the ability to accept crypto payments this year
1–10 of 21 posts
Re: MasterCard will give merchants the ability to accept crypto payments this year
#2> To be completely clear, not all of today’s cryptocurrencies will be supported on our network ... What are we looking for?
> ...privacy and security of consumers’ information — the same level of security people have come to expect in their credit cards.
Well that is a low bar, so OK.
> ...strict compliance protocols will be needed, including Know Your Customer...
Woops, suddenly we aren't talking about a currency - we're talking about another licensed money transmitter.
> To reach our network, crypto assets will need to offer the stability people need in a vehicle for spending, not investment.
So some kind of pre-mined and centralized token system... hmmm, I wonder which poison pill they're talking about... could it be anything besides ripple?
Re: MasterCard will give merchants the ability to accept crypto payments this year
#3> To be completely clear, not all of today’s cryptocurrencies will be supported on our network ... What are we looking for? > ...privacy and security of consumers’ information — the same level of security people have come to expect in their credit cards. Well that is a low bar, so OK. > ...strict compliance protocols will be needed, including Know Your Customer... Woops, suddenly we aren't talking about a currency -…
One wouldn’t expect them to use Ripple, given the current SEC investigation.
It could be Stellar XLM, but I haven’t heard any specifics in Stellar groups.
Re: MasterCard will give merchants the ability to accept crypto payments this year
#4The point of cryptocurrency is that you don't need a private or government middleman.
My hope is that Ethereum 2.0 will become popular and there will be point of sale terminals that support it natively.
Re: MasterCard will give merchants the ability to accept crypto payments this year
#5> To be completely clear, not all of today’s cryptocurrencies will be supported on our network ... What are we looking for? > ...privacy and security of consumers’ information — the same level of security people have come to expect in their credit cards. Well that is a low bar, so OK. > ...strict compliance protocols will be needed, including Know Your Customer... Woops, suddenly we aren't talking about a currency -…
One wouldn’t expect them to use Ripple, given the current SEC investigation. It could be Stellar XLM, but I haven’t heard any specifics in Stellar groups.
lol, it is oddly comforting to take a break for a few years and then come back to find that ripple is still the Wile E. Coyote of the space. Fingers crossed for some kind of Frankenstein ZuckBuck.
Re: MasterCard will give merchants the ability to accept crypto payments this year
#6> To be completely clear, not all of today’s cryptocurrencies will be supported on our network ... What are we looking for? > ...privacy and security of consumers’ information — the same level of security people have come to expect in their credit cards. Well that is a low bar, so OK. > ...strict compliance protocols will be needed, including Know Your Customer... Woops, suddenly we aren't talking about a currency -…
mastercard stablecoin
Re: MasterCard will give merchants the ability to accept crypto payments this year
#7The point of cryptocurrency is that you don't need a private or government middleman. My hope is that Ethereum 2.0 will become popular and there will be point of sale terminals that support it natively.
With everybody using online wallets this particular aspect of crypto is long gone.
Re: MasterCard will give merchants the ability to accept crypto payments this year
#8The point of cryptocurrency is that you don't need a private or government middleman. My hope is that Ethereum 2.0 will become popular and there will be point of sale terminals that support it natively.
With everybody using online wallets this particular aspect of crypto is long gone.
There are over 30 million BTC addresses with a balance. So if everyone used "online wallets", they'd either have to be intentionally leaving dust in their exchange wallets, or there is some Superman 3 salami slicing going on and the exchanges have very patiently held off on sweeping up their ill-gotten gains.
Re: MasterCard will give merchants the ability to accept crypto payments this year
#9> To be completely clear, not all of today’s cryptocurrencies will be supported on our network ... What are we looking for? > ...privacy and security of consumers’ information — the same level of security people have come to expect in their credit cards. Well that is a low bar, so OK. > ...strict compliance protocols will be needed, including Know Your Customer... Woops, suddenly we aren't talking about a currency -…
Definitely a stablecoin, perhaps USDC
Re: MasterCard will give merchants the ability to accept crypto payments this year
#10I really hope they don't choose Bitcoin or Ethereum. Something like Stellar XLM is not only environmentally responsible, the protocol settles in seconds rather than minutes.