this is really great news! exited to hear about changes like this because it shows that crypto is growing and improving

It's a good news for all of us and the whole crypto inducted who are dealing with some tough time now with the bearish market. I would be happy to see many more players coming to the crypto market and trying and increasing their business even in the world by implementing crypto in their business. Let's see what happens in the next 2 to 3 years is very much crucial for the economies and also the crypto users.

Soon all the electronic money will go to crypto

According to the link:


Any blockchain expert here have any idea how can they improved confirmations time? (I assuming they are talking about the limitations of blockchain here in terms of the speed on how a block is confirm).

Is this like a LN scenario? Opening both channels to make the transactions much quicker?

this will make it easier to buy crypto with mastercard. will be more simple and fast. all this time i have to buy by using voucher. but with a mastercard it will be easier to buy crypto.

this is a great news, just hope every thing works as its stated above because i have seen allot of speculations and different rumor all in the name of cryptocurrency interest and increasing but all turn to be nothing, for example before the Russia 2018 world cup there were different news that russians will be using bitcoin as means of payment to purchase ticket and to my greatest surprise nothing like that happen. just hope this one turn out to be different  

the news is very surprising if it is true MasterCard classmates have legalized bitcoin as a tool for cooperation, it signifies the more fore crypto increasingly recognized by large banks. It will also have a major effect on the development of crypto in the world

Do you reckon Mastercard know anything about how to improve the functionality of an actual blockchain? I'm doubtful. And it's not as if any of the main coins would accept a Mastercard fork either. Fiat spending is their business.

I expect it'll be just the same as an existing crypto debit card. You deposit your BTC with them, or presumably some partner like Coinbase, and you spend the balance.

"fractional reserves of blockchain currency" is an unfortunate turn of phrase. I presume that means you're spending fractions of your Bitcoin reserve through them. I don't like the alternative interpretation.

Ultimately this is what is going to happen and I wonder what banks that have always frowning at people using bitcoin without any basis would want to fight this. Because they themselves relies on the infrastructure of MasterCard and Visa for them to even make more money from customers use of this platform with MasterCard and Visa I wonder if banks would be able to get money from ATM charges and every online transactions made possible with card numbers.

I also envisage some behind the scene conflict as the ability to link wallets to MasterCard would surely mean rapid acceptance as they would find away to make it acceptable for every platform that MasterCard is accepted today. This would surely dip into the revenue of banks which would in turn affects the taxes they would pay to government and that is not something to be taken lightly.