Quote from: tenebriscaelum on October 17, 2018, 02:47:57 PM

Quote from: BlueStackz on October 17, 2018, 06:21:10 AM

Quote from: XMLGold.eu on October 16, 2018, 12:45:45 PM

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.

Financial companies such as them are only afraid that cryptocurrencies will take a market share in their lone of business which is being a payment option. And as you say they can only run away too far from it as more people and establishments will come to accept cryptocurrencies as payments and soon enough they will make and easier method to issue such cards.

Reading that news from Visa and Mastercard, what you have posited is what I can deduce from it. They are indeed afraid of cryptocurrencies and see them as a threat to their continued existence in the long run.