• Home Page
  • About Us
  • Advertise
  • Contact Us
  • My Account

TechVisibility

  • Home page
  • News
  • Computing
  • Reviews
  • Apps
  • Gaming
  • Mobile
  • Audio
  • Video
  • Gadgets
  • FinTech
  • EV
  • More
    • Antivirus
    • Cameras
    • Cryptocurrency
    • NFT
    • Phones
    • Security
    • Smart Home
    • Software
    • Streaming
    • TVs
    • Wearables
    • Web hosting
    • What To Watch
You are at :Home»News»Mastercard Accepts Cryptocurrency Payments Soon!
Mastercard Accepts Cryptocurrency Payments Soon!

Mastercard Accepts Cryptocurrency Payments Soon!

Jody G 14 Feb 2021 News, Software Leave a comment 695 Views

Facebook Twitter linkedin Pinterest Tumblr WhatsAppt Telegram Email More

Cryptocurrency is getting to be the thing now. Would you invest?

Mastercard now accepts cryptocurrencies as terms of payment. The firm has started some preparations in supporting cryptocurrencies later this year. This news was confirmed by the company’s Digital Asset and Blockchain VP, Raj Dhamodharan in a blog post. 

Mastercard: The new payment system

Despite the biggest goal, many have been cautious with this coming Mastercard’s implementation. The company has to be wary and have to stick with the rules. They have to reach the security, compliance, and reliability criteria. Aside from this, merchants can be bragged by this payment system for they have also to accept cryptocurrencies as a payment. 

The primary measurement to have this implemented on the mastercard’s system is its consumer protection. Essentially “the same level of security people have come to expect in their credit cards,” Dhamodharan said. In other words, cryptocurrencies need to implement stricter compliance requirements. Mastercard has to adhere to local regulations and laws in the regions they are operating. Lastly, they have to use digital assets. 

Mastercard’s plan in fully embracing cryptocurrencies is a first step in allowing other platforms to do the same such as paypal. 

TESLA Bought $1.5 Billion Of Bitcoin, Indicating Acceptance Of Cryptocurrency 

In the Security and Exchange Commission filing disclosure, Tesla revealed that it bought worth $1.5 billion of bitcoin, the famous cryptocurrency. The company further indicates that it may soon accept bitcoin as a form of payment for its cars subject to the regulation surrounding it.

As the news broke out, the price of bitcoin immediately increased by around 7% surpassing $40,000 per coin, says Alex Wilhelm of TechCrunch.

Previously, Elon Musk, TESLA CEO, has already announced that he is supportive of bitcoin. Nevertheless, purchasing such a big amount clearly speaks louder than words. Elon Musk though said that he is already late on this act, he should have started accumulating cryptocurrency eight years ago.

cryptocurrencies Mastercard mode of payment Payments Tesla Model 3 2021-02-14
+Jody G
Tags cryptocurrencies Mastercard mode of payment Payments Tesla Model 3

Author

Posted by : Jody G
Jody is an Editor-Writer at Tech Visibility covering all the topics from news, product reviews, to intriguing tech tabloids. She's the "always busy potato" in the team who's living in the outskirts while crunching trends, data, and words for a living—a Pluviophile who will persuade you that nothing can beat black coffee as the best energy booster because of its aroma and strong taste. A tech lover who's also an old soul and not afraid of change.
Previous Article :

Garmin Vivoactive 5: some leaked information of its feature

Next Article :

Why You Should Have an Alternative Email

Related Articles

Twitter Labels Gov’t Officials, State-Owned News Accounts

Twitter Labels Gov’t Officials, State-Owned News Accounts

Louise Tranate 07 Aug 2020
Apple Adds New Countries To The Redesigned Apple Maps Experience

Apple Adds New Countries To The Redesigned Apple Maps Experience

Pia Allen 08 Jul 2022
LG Enters The EV Charging Market Through Acquisition

LG Enters The EV Charging Market Through Acquisition

Noah Gravel 28 Jun 2022

Minecraft YouTube Star ‘Dream’ Might Hire Experts Over Cheating Allegations

Louise Tranate 15 Dec 2020
Netflix surpassed the 200 Million Subscriptions Milestone

Netflix surpassed the 200 Million Subscriptions Milestone

Azriel B 21 Jan 2021
Social Media and Other iOs Apps Crashed Again Due to Facebook Issue

Social Media and Other iOs Apps Crashed Again Due to Facebook Issue

Jody G 12 Jul 2020

Leave a Reply

  • Facebook Comments
  • Disqus Comments (0)
Specify a Disqus shortname at Social Comments options page in admin panel

Recent Posts

  • Comparing The Dell XPS 13 Plus To The M2 MacBook Air–Who Came Out On Top?

    Comparing The Dell XPS 13 Plus To The M2 MacBook Air–Who Came Out On Top?

    Pia Allen 15 Aug 2022
  • Microsoft Officially Acknowledges–Xbox One Sales Were Less Than Half Than PS4

    Microsoft Officially Acknowledges–Xbox One Sales Were Less Than Half Than PS4

    Pia Allen 15 Aug 2022
  • Users Can Now Buy Ethereum On Reddit

    Users Can Now Buy Ethereum On Reddit

    Pia Allen 15 Aug 2022
  • Uber’s Free Loyalty Program Is No More

    Uber’s Free Loyalty Program Is No More

    Pia Allen 15 Aug 2022
  • WhatsApp Has Become A Crucial Tool For Businesses Looking To Communicate

    WhatsApp Has Become A Crucial Tool For Businesses Looking To Communicate

    Pia Allen 15 Aug 2022

Random Posts

Comparing The Dell XPS 13 Plus To The M2 MacBook Air–Who Came Out On Top?

Comparing The Dell XPS 13 Plus To The M2 MacBook Air–Who Came Out On Top?

Microsoft Officially Acknowledges–Xbox One Sales Were Less Than Half Than PS4

Microsoft Officially Acknowledges–Xbox One Sales Were Less Than Half Than PS4

Users Can Now Buy Ethereum On Reddit

Users Can Now Buy Ethereum On Reddit

Uber’s Free Loyalty Program Is No More

Uber’s Free Loyalty Program Is No More

WhatsApp Has Become A Crucial Tool For Businesses Looking To Communicate

WhatsApp Has Become A Crucial Tool For Businesses Looking To Communicate


TechVisibility


2493 Technology Drive
Hayward, CA 94545
800-601-4491
contact@techvisibility.com

Follow us

Recent Posts

  • Comparing The Dell XPS 13 Plus To The M2 MacBook Air–Who Came Out On Top?

    Comparing The Dell XPS 13 Plus To The M2 MacBook Air–Who Came Out On Top?

    Pia Allen 15 Aug 2022
  • Microsoft Officially Acknowledges–Xbox One Sales Were Less Than Half Than PS4

    Microsoft Officially Acknowledges–Xbox One Sales Were Less Than Half Than PS4

    Pia Allen 15 Aug 2022

Advertisement

  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Accessibility Statement
  • Advertise
  • About Us
  • Contact Us
  • Do not sell my info
  • YouTube Videos
  • My Account
Copyright 2021, All Rights Reserved
Developed By IdealVisibility.com
Posting....
Go to mobile version