“The new boss in charge of giving out a MasterCard licenses has no intention of allowing the brand or any bank that does private label cards to use Bitcoins. In fact, he nearly bragged to me about killing the BitInstant deal with a U.S. bank for the first planned $BTC card this year. Stephen Ruch, the heavyset MasterCard executive, is just a year into his job with the company, and while he monitors the Bitcoin space he told me he is still under the impression it’s one big Ponzi scheme. [..] His biggest fear was it would ‘hurt the MasterCard’ brand.”
http://www.teribuhl.com/2013/10/22/mastercard-hates-bitcoins/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Do Police See Guns as a threat to "Officer Safety"?
LTE wireless connections used by billions aren’t as secure as we thought
The Cost of Terror in Brussels
U.S. cops stock up on radars that can see through walls
The Torture State's Latest Victory
US International Capital Flows
U.S. Secret Service Bans Sale of Silver and Gold Liberty Dollars on Ebay
A Government Database about our Sex Lives: Gee, What Could Go Wrong?
Former Cyprus President Named In Loan Write-Offs Leading To Banking Insolvency
Sell in May and Go Away… Then Buy Bombay?
TWTC Stock Explodes In Another Case Of Mistaken Twitter Identity?
Then They Came For the Prosecutors....
Bradley Manning Trial: ‘Aiding the Enemy’ Charge is a Travesty of Justice
The Silent Slaughter of the US Air War
I Bought Subway With Bitcoin and It Was Awesome