Mastercard Exec Remains Optimistic On Crypto Despite Market Meltdown
Despite the current market volatility, dynamic and enterprising executives and investors are optimistic about the crypto industry’s long-term potential, despite its current turmoil. Mastercard has adopted an aggressive expansion strategy into cryptocurrency, capitalizing on the opportunity through strategic partnerships. Harold Bossé, vice president of new product development and innovation, predicts that the widespread adoption of crypto […]
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So a couple of days ago, I wrote a piece suggesting that MasterCard was up in arms against bitcoin and other digital currencies, with the crux of the piece based upon the fact that the company had submitted a report to the Senate suggesting that Australian regulators should be careful with digital currency adoption. The report focused in on the fact that bitcoin transactions are anonymous, and to pull a quote directly from the submission, MasterCard stated that: Contrary to transactions made with a MasterCard product, the anonymity of digital currency transactions enables any party to....
Payments giant Mastercard has introduced a new program called Crypto Source to enable financial institutions to offer crypto trading and other related services to their customers. Mastercard has partnered with Paxos Trust Company to support this program. A Mastercard executive says that crypto is on the “cusp of really going mainstream.” Mastercard to Help Banks Offer Crypto Services Mastercard introduced a new program called Crypto Source Monday that will bring “crypto trading capabilities to banks.” In partnership with regulated and licensed crypto custody....
YFI has been among the worst-hit tokens in an ongoing meltdown that has wiped $65 billion from the cryptocurrency market. As of 1223 GMT Tuesday, YFI/USD was trading about 47 percent lower from its all-time high at $44,003. The pair’s downside correction followed a major rally that brought it up by more than 2,500 percent […]
Former MasterCard executive William Dennings has joined Bitreserve as the firm's chief information security officer (CISO). Bitreserve noted Dennings' appointment would be instrumental in the company's mission to set anti-money laundering (AML) and know your customer (KYC) controls, required to safeguard users' deposits and information. The newly appointed CISO said:
A MasterCard executive has said that while the firm is very, very interested in blockchain technology, it will take a cautious approach to its experimentation with the tech while it believes it is still developing. Speaking to Business Insider at the World Economic Forum in Davos, MasterCard CIO Garry Lyons outlined the steps the major global credit card network has so far taken to explore the industry. Lyons said: Like the rest of the world, we’re interested in seeing where blockchain technology goes. The comments come at a time when thought leaders in the traditional payments and finance....