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I think MasterCard will use a different type of cryptocurrency than you are familiar with, called "stablecoins", like the USDC and/or DAI. These are pegged to t
by bouncycastle 6y ago
I think MasterCard will use a different type of cryptocurrency than you are familiar with, called "stablecoins", like the USDC and/or DAI. These are pegged to the USD and never go up or down.
Most likely, they will use things like a "state channels" for the actual transactions. State channels are like pre-paid cards, where the channel gets settled after the entire card is spent.
But why? Well, cryptocurrency makes sense over traditional currency, because it's programmable, auditable & composable with many other dapps that exist on the blockchain.