are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters.
“Recent high-profile failures in the crypto sector are an important reminder that we have a long way to go before crypto becomes a part of mainstream payments and financial services,” a spokesperson for Visa, the world’s largest payment processor, said.A spokesperson for Mastercard said: “Our efforts continue to focus on the underlying blockchain technology and how that can be applied to help address current pain points and build more efficient systems.
Mastercard teamed up with crypto lender Nexo in April to launch what it called the world’s first “crypto-backed” payment card.
If Crypto was legitimate currency, all investment would be held in reserve Instead CrytoBros suck off all money and only hope of recompense is new money coming in This is pure ponzi pyramid You see them spending all your money but you don't clue in?
Crypto currency should be banned. It is a curse. Most people can not realize this reality.
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