MasterCard Indian Government of Protectionism in Favor of Native RuPay

Twitter Facebook LinkedIn Reuters reports that Mastercard has formally complained to the US government that the Indian government is deliberately promoting domestic payment networks over international ones like Mastercard and that the Prime Minister, Narendra Modi, has actively used nationalism in promotion of payment processing network RuPay. According to the report, Mastercard and Visa are …

Ripple Hires Former Facebook Exec. as SVP after ‘Big Leadership Changes’

Ripple just announced two major changes to its leadership team — one was a “Rippler” already, while the other came straight from Facebook. As Ripple continues its crusade for world domination — as do most cryptocurrencies — a few changes are bound to happen if the company hopes to thrive. Over the past year, the …

Mastercard Wins Patent for Anonymous Blockchain Transactions

Financial services giant Mastercard was awarded several new blockchain patents this week, continuing its trend of embracing distributing ledger research even as it expresses open hostility to bitcoin and other cryptocurrencies. However, one particular patent is raising eyebrows. The patent, awarded by the U.S. Patent and Trademark Office (USPTO) on Thursday, outlines a system that …