MasterCard will give merchants the ability to accept crypto payments this year

Re:MasterCard will give merchants the ability to accept cryp... by tal8d on Wednesday February 10, 2021 @11:29PM (#26098266)

> To be completely clear, not all of today’s cryptocurrencies will be supported on our network ... What are we looking for?

> ...privacy and security of consumers’ information — the same level of security people have come to expect in their credit cards.

Well that is a low bar, so OK.

> ...strict compliance protocols will be needed, including Know Your Customer...

Woops, suddenly we aren't talking about a currency - we're talking about another licensed money transmitter.

> To reach our network, crypto assets will need to offer the stability people need in a vehicle for spending, not investment.

So some kind of pre-mined and centralized token system... hmmm, I wonder which poison pill they're talking about... could it be anything besides ripple?

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Re:MasterCard will give merchants the ability to accept cryp... by newsbinator on Thursday February 11, 2021 @12:32AM (#26098564)

One wouldn’t expect them to use Ripple, given the current SEC investigation.

It could be Stellar XLM, but I haven’t heard any specifics in Stellar groups.

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Re:MasterCard will give merchants the ability to accept cryp... by tal8d on Thursday February 11, 2021 @01:22AM (#26098818)

lol, it is oddly comforting to take a break for a few years and then come back to find that ripple is still the Wile E. Coyote of the space. Fingers crossed for some kind of Frankenstein ZuckBuck.

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Re:MasterCard will give merchants the ability to accept cryp... by hulahoof on Thursday February 11, 2021 @07:39AM (#26100829)

Definitely a stablecoin, perhaps USDC

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Re:MasterCard will give merchants the ability to accept cryp... by hi5eyes on Thursday February 11, 2021 @01:44AM (#26098916)

mastercard stablecoin

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