News, updates and opinions on changes and challenges that the cryptocurrency and blockchain bring to "standard" banking and its products. Coverage of competition between blockchain companies and legacy banks.
Bitcoin is big money for credit card companies, or so Mastercard seems to think. In its earnings call this week, the world’s second largest credit card issuer admitted that its quarterly growth was lower than expected, due to a drop in cryptocurrency purchases.
From Wall Street to Capitol Hill, executives, banks and financiers have been singing a different tune over cryptocurrencies and blockchain technology: their fear of crypto is rapidly turning to a fear of missing out, or FOMO as it's known in the industry.
