By Chris Black
Yesterday, I stumbled upon this interesting announcement from MasterCard, about the tech giant’s intention to add crypto currencies to its payments network system. To be more precise, the CEO Michael Miebach pledged to integrate digital currency payments (that would mean BTC) “directly on our network.”
So you need a payment processor to buy something that acts as a payment processor?
From the official announcement:
Why Mastercard is bringing crypto onto its network
Whatever your opinions on cryptocurrencies – from a dyed-in-wool fanatic to utter skeptic – the fact remains that these digital assets are becoming a more important part of the payments world.
We are seeing this fact play out on the Mastercard network, with people using cards to buy crypto assets, especially during Bitcoin’s recent surge in value. We are also seeing users increasingly take advantage of crypto cards to access these assets and convert them to traditional currencies for spending.
This comes 2 weeks after Visa said there’s no reason why it cannot add Bitcoin to its network, and was looking to make crypto currencies more “safe, useful and applicable” for its customers.
Here’s again from Mastercard’s announcement: “……..the fact remains that these digital assets are becoming a more important part of the payments world.”
Well no shit, ya’ think? “Digital assets'” is a globalist, collectivist, money changer, control freak, psychopathic wet dream.
People have been giving up their freedom for perceived riches for decades, nothing new here. These financial institutions aren’t “getting on board”, they are stepping into the role they intended all along. They hate cash, they hate gold, and they hate anything they cannot skim or track.
Take a look how VISA, MasterCard, and PayPal skim your asses coming and going now. Nothing would make them happier than moar transaction and moar fees. Nothing would make globalists happier than to know where every cent in the world is being spent at any given moment; or the ability to freeze your entire financial life at the press of a button, the ability to monitor the world’s population and its every decision, the ability to reward those that speak the narrative and punish those that dissent in any way.
What is the culmination of their dystopian dream? The world’s currency in digital form tracked by an AI blockchain algorithm. The end of freedom, forever.
I pity all these idiots thinking BTC is some miracle anonymous currency; man how you’ve been fooled by the very people you think you’re outsmarting.
Go look up how many people have been busted for buying drugs on the Dark Web with BTC. Cyber security is only as good as the weakest link, and in 99.9% of cases the weakest link is always user stupidity, and there’s no antidote for that (e.g. buying BTC on an exchange with KYC then running it through a tumbler and thinking it’s anonymous).
Bitcoin IS the global digital currency (reset) we’ve been hearing about. It is the FedCoin / digital dollar. That’s why it was dropped anonymously.
Why the hell do you think all of these FED member Banks & Wall Street are integrating it into every area of their systems/framework?
You thought BTC was Banker Kryptonite?? Why do you think the big tech companies are now moving their excess “cash” positions into it?
Bitcoin holders are still blind to the fact that more institutional money means a new regulatory framework where they suspend crypto withdrawals in the name of AML/KYC.
Gemini & Coinbase will be first; the rest will be required to follow or will be shut down. EU, UK, JP and China will too. Holding your own key will become nearly impossible for the new money (notably institutional money).
The plan isn’t to ban Bitcoin, it’s to re-hypothecate and sell artificial supply to steal thru inflation.
This is what central banks do and they will do it to Bitcoin because the exchanges will comply and Wall St will happily purchase that fake supply instead of real BTC because they won’t be given the option.
They are going to pull a GameStop and suddenly change the rules (as in centralize it). Watch and see.
It’s happening right in plain sight and everyone loves it. The wolf isn’t at the door, it’s sitting at your dinner table.