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A comment on MasterCard to open up network to cryptocurrencies. Parent comment

Re:MasterCard to open up network to cryptocurrencies by 14 on Thursday February 11, 2021 @11:38AM (#26103639)
Wouldn’t MC just buy thousands of BitCoins then just keep track of how many they owe you and not actually interact with the block chain every time?
[ Parent | on HN ]
Re:MasterCard to open up network to cryptocurrencies by PragmaticPulp on Thursday February 11, 2021 @12:46PM (#26104704)
Yes, that was my point in the higher comment:

> Should also note that MasterCard crypto transactions almost certainly won’t be settled on the blockchain

This is just an exchange service where Mastercard collects exchange fees, in the same way that PayPal offers cryptocurrency payments.

[ Parent | on HN ]