Mastercard Denies Plans For BitCoin Credit Card 167
judgecorp writes "Reports that BitCoin is to issue a credit card have turned out to be false — or at least premature. Mastercard has denied there are any such plans and given details of the procedural barriers to creating such a card."
Re:other? (Score:2, Informative)
How did "a major international bank" turn into "only MasterCard?" Surely there are other international banks -- or have I missed recent news?
I don't really understand what you're asking, but MasterCard isn't an international bank, or any other sort of bank. Where did you get that from?
Re:shocker (Score:3, Informative)
Competition to what exactly? Assuming it would have taken off Mastercard would have been raking in money off the conversion fees on each transaction.
Re:bitcoin is coming, deal with it financial fags (Score:4, Informative)
this tells us more about you than about bitcoin.
Re:other? (Score:3, Informative)
The other currencies are backed up by weight of law ...
You are mistaken. There is no law that gives the US dollar any value, nor is there one for Euros.
A few currencies are backed by binding them to another currency, but usually that is a fiat currency again. (Like the fixed exchange rate of the chineese currency towards the dollar)
The word fiat in the currencies we use in our days exactly means: unbacked.