MasterCard Sees Major Earnings Growth And Keeps Tabs on Blockchain
Despite obvious signs on the wall of how the financial world is starting to crumble, there are still plenty of financial players reporting a healthy profit year over year. MasterCard is one of those companies seeing a whopping 11.1 percent profit rise, as the purchase volume increased during the final quarter of 2015. This is quite an interesting piece of information, especially when considering how the company is interested in blockchain technology and Bitcoin as well. MasterCard Sees A Big Growth During Holiday Shopping Frenzy. Whenever a credit card issuer reports a quarterly earnings....
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Venture capital giant Sequoia Capital has suggested that the rise of blockchain technology could put a damper on earnings at major credit card networks such as MasterCard. The comments came as part of Sequoia’s annual report on the performance of the Sequoia Fund, the firm’s consolidated portfolio offering. The fund currently holds stock in 10 publicly traded companies as part of its portfolio, with MasterCard accounting for 4.3% of its assets. In the report, Sequoia praised MasterCard for its strong performance since its 2006 IPO, but indicated that it believes new technologies, including....
MasterCard international President Ann Cairns has called blockchain, the technology powering bitcoin, a very promising technology which MasterCard sees as a “good thing for the future.” Private banking corporations, investment banks, stock exchanges, and even central banks have taken deliberate, extensive measures to understand the innovation of blockchain technology in an effort to apply it in their own respective realms. Global card payments network MasterCard is among the companies investing in blockchain technology. Ann Cairns, president of international markets at for MasterCard, a....
Arbitrum earnings are soaring as daily active users flood the layer-2 platform with the hope of an eventual airdrop. Post Ethereum (ETH) merge, layer-2 blockchains have been catching the eyes of users and investors alike. Research firm Delphi Digital has been tracking Arbitrum since August and recently shared its analysis in a monthly market report. According to data, user behavior and historical analysis show multiple trends of rapid growth in transactions, total value locked (TVL) and daily active users at Arbitrum-based platforms. Arbitrum reaches the top-10 in monthly earningsWhen....
This year, the Sky Mavis-crafted blockchain game Axie Infinity has seen incredible growth and has recently surpassed $3 billion in all-time sales. However, researchers at Naavik explain in a recent study that Axie Infinity players called ‘scholars’ are seeing daily earnings drop, and many have seen earnings dip below the minimum wage line of countries like the Philippines.
Naavik Researchers Take a Deep Dive Into Axie Infinity — ‘Scholar’ Earnings Have Been Dropping Since August
The Ethereum-based blockchain game Axie Infinity is one of the....
Mastercard sees cryptocurrency as more of an asset class than a means of payment, according to the payments giant’s chief financial officer. Mastercard’s crypto strategy “has been fairly successful ever since crypto environments came up,” he added.
Mastercard’s CFO on Crypto as Asset Class vs. Means of Payment
Mastercard Chief Financial Officer (CFO) Sachin Mehra shared his view on cryptocurrency in an interview published Tuesday by Bloomberg.
He was asked how successful Mastercard’s crypto strategy has been. “In the....