Post
Topic
Board Economics
Re: VISA and MasterCard tighten the requirements for the issuers of the bitcoin card
by
AmoreJaz
on 17/10/2018, 07:50:55 UTC
I cant wait for someone to actually get a banking licence and have its own bank. Issue its own cards and avoid visa and mastercard at all.
There is enough money in crypto to be able to do that, and be independable

VISA and MasterCard tighten the requirements for the issuers of the bitcoin cards
Read more: https://www.xmlgold.eu/en/news/article/760/visa-and-mastercard-tighten-requirements-bitcoin-cards-issuers/
They can try as much as they want to stall the upcoming surge of the everyday usage of bitcoin but they can't run away too far. In the end no matter what happens there will be a time when bitcoin exchanges or wallets or banks or whatever you want to call it will have a system like mobile payment app or sorts and we will see a lot of new stuff for payment as well which would allow people to do all of this without the worry of visa or mastercard doing whatever they want to.

The only thing required is one crypto company and one bank agreeing on working globally on a mobile app that would allow people to do this, that's it. One agreement, one deal, one contract. As soon as that happens we are off to the races.

yeah sooner or later, the usage of visa or mastercard will not be necessary especially when it comes to dealing with cryptocurrencies. i believe also that one legit strong crypto company and one bank can do that job. and from that moment, visa or mastercard providers might re-think their decisions towards cryptocurrencies. else, they will be left behind because of the growing crypto community