BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Mastercard Vice-Chair Says Bitcoin Too Volatile to be a Part of its Crypto Payment Plans

Mastercard Vice-Chair Says Bitcoin Too Volatile to be a Part of its Crypto Payment Plans
Mastercard vice-chair Ann Cairns in a recent conference said Bitcoin is too volatile for its upcoming crypto payment services that the company announced earlier this month. Cairns believes Bitcoin in its current form is too volatile and slow to be a form of payment. She said,
“Bitcoin doesn’t behave like a payment instrument, It’s too volatile and it takes too long to transact.”
“So if you and I went for a cup of coffee, and you know, I decided to pay with bitcoin, our coffee might cost me, I don’t know, 40% more by the time it was served — and it takes 10 minutes to actually settle the transaction,”
Mastercard earlier this month announced it would offer crypto payment services via its platform. The announcement is quite considerable given Mastercard’s market reach would help further the crypto adoption.
Is Mastercard Eyeing Stablecoin Market?
Mastercard’s upcoming crypto payment service would mainly comprise of stable coins especially after the recent Federal regulations in the form of the Stable Act allowing Federal banks to indulge in stablecoin issuance and transactions. The US Federal bank has now prioritized stablecoin development and issuance, which could also be the reason behind the payment processing giant’s decision to indulge in stablecoins.
Mastercard’s decision to exclude Bitcoin from its payment servicers giant is understandable as Bitcoin has grown more popular as a digital gold store of value asset. Institutions like Microstrategy and Tesla are using it as a treasury reserve asset. Even prominent institutions and gold investors are cutting their exposure in the lustrous metal to invest in Bitcoin. One of the oldest investment firms in the US Franco Nevada called Bitcoin the new inflation hedge.

One of the oldest investment companies in the United States is now citing #Bitcoin for the underperformance of its gold holdings. pic.twitter.com/QumeMNiXWy
— Documenting Bitcoin 
</div>
	
<style>
/*  */
#screenshot{
	position:absolute;
	border:1px solid #ccc;
	background:#333;
	padding:5px;
	display:none;
	color:#fff;
	}
/*  */
</style>
<script src=
BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: Mastercard Vice-Chair Says Bitcoin Too Volatile to be a Part of its Crypto Payment Plans


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News