Tag: Credit Card

A New Bitcoin World

Bitcoin Core Developer Advocates Credit Card Payments Over BTC

Bitcoin Core developer Jimmy Song has caused controversy by suggesting that bitcoin enthusiasts would be better off using credit cards as a means of payment. He described this strategy as being “more rational and convenient” than making multiple onchain transactions. His advice flies in the face of the rationale behind Bitcoin and has provoked a […]

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October 9, 2018 0

Mastercard “Very Happy” to Use Cryptocurrencies, Just Not Real Ones

Mastercard “Very Happy” to Use Cryptocurrencies, Just Not Real OnesWhen you are an entrenched player deep within a certain system, especially one as complex and inflexible as the banking industry, it can be hard to implement changes, even when there is a critical need to adapt to emerging technologies. If a company wants to appear as if it is keeping up with the times, […]

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March 19, 2018 0

Visa CEO: Bitcoin is Not a Payment System

Visa CEO: Bitcoin is Not a Payment SystemVisa, the world’s largest credit card company, is widely regarded as being hostile to Bitcoin. It would seem intuitive that a traditional financial provider should look unkindly on anything that threatens its hegemony. Publicly, though, the company has had very little to say about Bitcoin, preferring to focus on matters within its own domain. In […]

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January 18, 2018 0

Crypto Card Issuers Seek Solutions in the Wake of a European Ban

Crypto Card Issuers Seek Solutions in the Wake of a European BanIntervention by Visa spelled an end to European crypto debit cards for the majority of customers on Thursday. Around a dozen crypto companies were affected by the shutdown, which instantly wiped out their services across Europe. Issuers such as Bitwala, Tenx, Bitpay, and Xapo were left high and dry after a Visa subsidiary stopped processing […]

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January 8, 2018 0