The CEO of Mastercard: "cryptocurrency — it's rubbish»

[Paha87]

"The anonymous currency, which can vary greatly in price, does not deserve to be considered as a means of exchange," said the head of Mastercard Ajay Bange, calling the crypto currency "junk".

The head of one of the largest global payment systems is also concerned that 95 percent of illegal transactions conducted on the darknet, including credit card fraud and social security fraud, are paid with cryptocurrency.

During the answer to the question about the cryptocurrency, which was asked during a lecture organized by the Indian Consulate in new York, together with the us-Indian forum for strategic partnership (USISPF), Mr. Bang said:

"I believe that cryptocurrency is a waste. The idea of anonymized currency, created by people and which can vary greatly in price , is not something I believe, as any means of payment deserves to be considered as a medium of exchange."

Despite the comments of the General Director, it is believed that the payment giant is considering the possibility of working with cryptocurrency.

Earlier this year, it was reported that the company will consider the possibility of creating digital tokens, but only fully regulated, issued by the Central Bank and not anonymous.

Mastercard also received several patents related to cryptocurrency. In June, it became known that the company's applications include a patent for anonymous transactions processed through a distributed registry by a third-party processor. Also, this month it became known that Mastercard patented the method of management of cryptocurrency "fractional reserves".

Link to the source of information(Russian) - https://altstake.io/news/gendirektor-mastercard-kriptovalyutyeto-hlam