Why just Mastercard. ALL payment services are doing this. Everything from payment gateways, card brands, digital wallets (You really think google and apple aren’t logging every detail of your purchases). Seems a bit silly to just call out Mastercard.
this post was submitted on 13 Oct 2023
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Per the article, it seems Visa has already stopped this practice. I think they’re calling out Mastercard as the other top player in the consumer credit card space (I doubt Amex has quite the market dominance Visa / MC do, especially overseas).
They probably spawned a sub company who will take that over. No way in hell I believe they stopped this practice.
A wise man once said "cash is king"
Although that brings up a point on how reliant we are on the banks, but a private crypto currency like monero is not yet ready for mass adoption.
Monero will never be ready for mass adoption. The problem is that it is primary used for illegal transations. Its effectively tainted in my eyes
Is cash tainted for the same reason? I think when a currency is good for commiting crime, it is an indication that the currency is well designed.
Cash isn't used for crime nearly as much
Hoo boy do I have some news for you.
So much cash is used for drug deals that it literally helps to shape our (USA) economy.
It is a stereotype here that if someone has a lot of cash, they are either drug dealers or sex workers.