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

Re:MasterCard will give merchants the ability to accept cryp... by exabrial on Thursday February 11, 2021 @07:50AM (#26100917)

I really hope they don't choose Bitcoin or Ethereum. Something like Stellar XLM is not only environmentally responsible, the protocol settles in seconds rather than minutes.

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Re:MasterCard will give merchants the ability to accept cryp... by hggh on Thursday February 11, 2021 @08:53AM (#26101492)

You don't need fast settlements for most payments (cheaper than a car). Bitcoin (BTC) transactions used to be irreversible (the proof-of-work needed to double-spend was too much for such amounts), until they ruined it by implementing return-by-fee (RBF). Fortunately Bitcoin Cash (BCH) keeps the original implementation, usually less than a second zero-conf transactions and no RBF.

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Re:MasterCard will give merchants the ability to accept cryp... by paddim8 on Thursday February 11, 2021 @10:09AM (#26102200)

Or Mina protocol! Apparently their blockchain will always be 22kb. Much faster and smaller and scalable I think?

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Re:MasterCard will give merchants the ability to accept cryp... by Mindwipe on Thursday February 11, 2021 @08:32AM (#26101275)

Given they seem to have a KYC requirement they basically can't use Bitcon or Ethereum as far as I can see.

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