Mastercard or cryptocurrencies: which payment systems are more promising
Hello! Today we will tell you about Mastercard and cryptocurrency payment systems.
đź“Ś Mastercard is striving to improve the consumer experience by planning to introduce currency conversion for cards in euros and dollars on the day of the transaction.
đź“Ś However, cryptocurrency does not lag behind traditional payment systems. Today, many Western companies already accept payments in Bitcoin and even in altcoins.
đź“Ś Firms that accept cryptocurrencies for payment indicate prices in national currencies. Therefore, the problem of volatility still needs to be addressed.
💬 “Nevertheless, cryptocurrencies will have their own niche — anonymous payments without government intervention. There are a lot of users who want to make transactions without government control and compliance. It is important to note that today the value of cryptocurrencies is recognized by people regardless of the position of states, ”says Denis Voskvitsov, head of the fintech company Exantech.
đź“Ś At the moment, traditional payment systems like Mastercard are still superior to digital currencies due to the novelty of the latter, lack of regulation and a certain legal status of cryptocurrencies, low literacy of the population in this area in most countries, etc.
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