“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/
Related posts:
USAF General: Nobody's Ready for the Killer Robot
Government hospitals removing wrong reproductive parts becomes a trend
NSA Tries to Blame Privacy Advocates for Telephone Records Retention
Democrat Kathy Hochul Plumps for Drones at Niagara Falls Air Base
Nanny State Lessons from a German Homeschooling Family
Alabamians Outraged As Civil Asset Forfeitures Soar
US Killed Hundreds of Children in Afghanistan, Says New Report -- US Rejects Report
One Third Of Athens Businesses Shuttered
ADP Jobs Number Blows Through the Roof
Ex-BlackRock MD: US raid on Bitcoin exchange is ‘hysterical’ reaction
India Gets The (Bitcoin) Green Light
Total U.S. Public Debt Now Eclipses GDP
Bitcoin in India: Drivers and Barriers to Adoption
Govt Lawyers: Americans Have No Right to Challenge Surveillance
Is the Boston Bombing the "Moral Equivalent" of Drone Strikes?