Hey people of steem,
First I want to say my prediction of bitcoin price going up a lot has come true. Here is the link: https://steemit.com/bitcoin/@whatageek/why-the-bitcoin-google-stat-is-misleading. It was made 6 days ago when I thought we were ready for an upswing. So you can call my the next buffet :p.
But for today lets talk about Mastercard. There has been a lot of good news in the market lately but besides a possible ETF in Augest this is the biggest. Mastercard has gotten a patent for a process to speed up crypto payments. Now this in itself is something as it is a new step for the crypto and says that mastercard is probablt getting into crypto. But the big push comes from what could come from this patent. The most logical step is mastercard is gearing up to having bitcoin on its cards.
It is too early to tell and they could be using this patent on a seperate product from their cards but the possibility of using a mastercard to spend crypto is a big leap. This is the only thing missing when people argue about using crypto as cash. The infrastructure is there for credit cards and if you could load your cards with crypto then you can literally use crypto around the world at any store that accepts mastercard.
Again it might not be for the credit card but having mastercard involved is good news either way.
Here is the link for more info: