Reuters reported earlier this morning that Visa and Mastercard are pausing their respective "crypto pushes" due to fears about the regulatory uncertainty that looms over the industry after the year of epic grift collapses in 2022. Their source for Visa was someone who preferred to remain anonymous, but it seems that they were able to get a Mastercard spokesperson on record to comment on the rumors, which they seemed to confirm. Not only did the Mastercard spokesperson confirm that they have decided to hit the brakes on any foray into "crypto", they rolled out a trope from 2015 that any corporation should be embarrassed to utter in 2023, "We're bullish on the underlying blockchain technology."
https://tftc.io/martys-bent/issue-1325-mastercard-is-falling-prey-to-the-innovators-dilemma/
MartyBent / Marty Bent
npub1gu…y6hjy
2023-03-01 06:18:12
Author Public Key
npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjyPublished at
2023-03-01 06:18:12Event JSON
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"content": "Reuters reported earlier this morning that Visa and Mastercard are pausing their respective \"crypto pushes\" due to fears about the regulatory uncertainty that looms over the industry after the year of epic grift collapses in 2022. Their source for Visa was someone who preferred to remain anonymous, but it seems that they were able to get a Mastercard spokesperson on record to comment on the rumors, which they seemed to confirm. Not only did the Mastercard spokesperson confirm that they have decided to hit the brakes on any foray into \"crypto\", they rolled out a trope from 2015 that any corporation should be embarrassed to utter in 2023, \"We're bullish on the underlying blockchain technology.\"\n\nhttps://tftc.io/martys-bent/issue-1325-mastercard-is-falling-prey-to-the-innovators-dilemma/",
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