Master Card Company, is virtual money useless?

The block chain technology has shaken the financial world by introducing systems to the world that do not require any transactions from third parties, such as central financial institutions and banks.

Traditional financial institutions seem to be internally developing strategies, apparently avoiding the block-chain technology on the surface.

Mastercard, the master card that provides global payment card services, has over the past few years expressed a negative view of the technology of code money and block chains. Ajay Bang, for instance, criticized the cryptography as " unnecessary " in October last year.

The main video clip produced by Matthew Driver, the head of the Southeast Asian branch of the MasterCard Corporation, is pointing out that the cryptography is unreliable and lacks transparency. In other words, considering the anonymous nature of the transactions, it could be used for malicious criminal purposes.

The video does not explain the benefits and benefits of the distributed ledger techniques and code money, but the prevailing view is that what is needed for people to make illegal transactions is code money.

In addition, the video highlights only the positive achievements of MasterCard, but does not mention the negative performance. For instance, in 2012, Master Card, along with Visa (Visa), overcharged the transaction fees, and asked a U.S. retailer for settlement fees and fees, but was not mentioned in the video.

Dual strategies for block chain technology are still in place.

In 2018, the master credit card company's password money policy has not changed significantly.

ArI Sarker, the Asia Pacific co-president of MasterCard, quoted in 2012 as saying that he would not support the " code money that features an anonymous nature of the drive. " It also said it will only support virtual currencies issued on a weekly basis.

Over the past year, however, MasterCard has internally developed its own volume-distributed technology that has criticized the cryptography. They are said to have submitted more than 30 patents related to current code money and block chain projects.