Mastercard: Crypto Card Bans A Factor in Q1 Volume Decline
During its quarterly earnings call, Mastercard CFO Martina Hund-Majean said cross-border volume is down due in part to bans on crypto purchases.
Mastercard suffered an outage last week that led to a hold-up for some transactions – and crypto supporters on social media quickly pounced.
Mastercard is looking to improve crypto by designing a payments system that will link accounts holding both fiat currency and cryptocurrencies.
A group of Mastercard patent applications outline how blockchain technology can be used to securely record transaction information.
A patent filing from Mastercard explores how to use public blockchains to securely verify card credentials at the point of sale.
A patent application from Mastercard suggests that the payments giant is eyeing blockchain as part of a way to verify the authenticity of coupons.