Re:MasterCard to open up network to cryptocurrencies
by sizzle on Thursday February 11, 2021 @02:51PM
(#26106233)
Why would you have to wait an hour? A credit card isn't instant? Isn't there some level of trust involved here?
Re:MasterCard to open up network to cryptocurrencies
by imtringued on Thursday February 11, 2021 @04:10PM
(#26107234)
You won't have to wait an hour because MasterCard will support Bitcoin. However, this completely goes against the idea of decentralization.
Re:MasterCard to open up network to cryptocurrencies
by faffe on Thursday February 11, 2021 @05:15PM
(#26108128)
Actually the article mention " select crypto" but not the BTC.
And to be honest I do not see the point for them to support a decentralised currency like. just complying with the regulatory rules ( KYC, anti Money laundering,etc...) Would be a real nightmare
Re:MasterCard to open up network to cryptocurrencies
by makruiten on Thursday February 11, 2021 @03:12PM
(#26106488)
How does that email system work? Can’t you just do free instant wire transfers in Canada?
Re:MasterCard to open up network to cryptocurrencies
by Jtsummers on Thursday February 11, 2021 @03:25PM
(#26106643)
Possibly something like Zelle (in the US, not sure where else). Using someone's contact information (phone or email) you can send money to them quickly and easily. They can set it up with whichever bank and change it as they desire, no banking information never needs to be communicated between the two parties.
Or try to buy anything time/quantity limited, so you don't get it because the transaction took too long to complete.
Meanwhile, in Canada, I just do a money transfer by email without any fees (if sending more than $10), and it's almost instant if the receiver have auto-deposit set up.