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The president and CEO of Mastercard has called cryptocurrencies “junk,” arguing that they don’t deserve to be considered as a medium of exchange. Ajay Banga was making his comments at the New India Lecture organized by the Indian Consulate in New York in partnership with the U.S.-India Strategic Partnership Forum...
What does Cryptology do differently? Using a web exchange for currency trading combining fiat and tokens together. An international team of crypto enthusiasts has recently launched a new project called Cryptology, an exchange platform simplifying your investing and crypto trading processes. Cryptology Exchange aims to create a truly...
Mastercard released their 2018 Q1 financial results on May 2 showing record first-quarter net income of $1.5 billion and revenue of $3.6 billion. They attributed some of this success to the December and January boom in cryptocurrency prices as they expect results to drop following the recent bear market....
Litecoin has taken a significant price hit since promised payment processor LitePay has informed them that it has closed up shop. What Went Wrong? On Monday, March 26 the Litecoin Foundation, a non-profit dedicated to the advancement of Litecoin and an investor in LitePay, announced on its website that...
Mastercard has announced that it is receptive to using nationally backed central bank issued digital currency in the future while holding on to its stance that all others are “junk”, The Financial Times reported. Mastercard Will Deal With National Digital Currency In an interview with the FT Ari...
A patent grants its holder exclusive rights to an invention, such as a piece of technology, for a certain period of time. While designed as a means of protecting the intellectual property of inventors, the system is not without its critics who believe that patenting deters innovation and...
The price of buying Bitcoin just went up! If you use your credit cards to buy cryptocurrency on Coinbase (or any other exchange) expect to pay at least 10% more in fees. Using credit cards to buy cryptocurrency is over Both Mastercard and Visa have decided in the...
Interesting things are happening for the Ethereum Enterprise Alliance these days. This open-source blockchain initiative is attracting a lot of attention lately. With several dozen members on board after just seven months, things are looking quite good. The latest companies to join the EEA include Cisco, MasterCard, Scotiabank,...
The adoption rate of Bitcoin leaves a lot to be desired. The slow rate of adoption is attributed to limited spending options when it comes to making payments for regular, everyday needs. Uphold, the cryptocurrency platform has made spending digital currency a bit easier by introducing virtual cards....
Mastercard president Rob Reeg admits he doesn’t particularly care for bitcoin, but thinks the blockchain holds promise. In a recent interview with the Business Standard, Reeg opened up about some of Mastercard’s ongoing projects surrounding blockchain technology, and how they plan to implement further security for card holders....
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