MasterCard Seeks to Set Pace in Blockchain Backed Credit card solutions
Ari Sarker, who is the Senior MasterCard executive said that if governments seek to create national virtual currency they would be happy to look at those in a more favorable way (in comparison to cryptocurrencies in general).
Report shows that almost 20 percent of investors went into debt to hold bitcoin and more than half of them were able to pay back their loans. Making most issuers of credit card to disallow crypto purchasing.
Popular Payment processors VISA and MasterCard have made it more difficult for credit card users to acquire cryptocurrencies as they started charging additional fees for instant purchase of cryptocurrencies though debit or credit cards.
People have confidence in investing in Bitcoin in such a way that they are borrowing money to invest in the cryptocurrency