↳ In-reply-to » Visa, Mastercard Pause Crypto Push in Wake of Industry Meltdown U.S. payment giants Visa and Mastercard 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, Reuters reported Tuesday, citing people familiar with the matter. From the report: Both Visa and Mastercard have decided to push back the launch of certain products and s ... ⌘ Read more

@prologic@twtxt.net The people who wanted to rely on Visa, Mastercard or any other giant company with already too much control over peoples finances and ability to do business, completely missed the whole point of crypto, to begin with.

Or at least the point, that sadly became secondary, to “extracting money from gullible idiots, to overall benefit the already wealthy”.