“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/

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