Bitcoin Could Overtake Visa And Mastercard’s Market Cap In The Near Future Says Major VC Investor

2019-1-24 14:02

Anthony Pompliano, the founder of Morgan Creek DigitalAssets, believes that Bitcoin is going to surpass Visa’s and MasterCard’s market capitalization in the next months. A few days ago, the European Commission sanctioned MasterCard with a $648 million fine claiming that the company raised credit and debit card fees in the different countries of the European Union (EU).

According to a recent report released by the Wall Street Journal, the EU said that the decision to increase these fees created limited competition across borders and stunting economic growth in the bloc.

As Margrethe Vestager, an antitrust powerhouse in the EU, preventing merchants from shopping around for better conditions offered by banks in the EU, MarketCard’s rules raised the costs for card payments. This is something that harmed consumers all over the EU.

In general, credit card companies charge an average of 1.5% of fees per each transaction, thus, there are several retailers that are moving towards Bitcoin and other digital assets.

Pompliano said that Bitcoin would be able to surpass the market capitalization of both Visa and MasterCard in 36 months. According to data provided by Diar, Pompliano explained that Bitcoin miners received $5.8 billion in revenue in 2018. Meanwhile, other companies such as Visa or MasterCard registered $21.1 and $14.9 billion in revenue respectively.

Additionally, Visa has a market capitalization of $302 billion while MasterCard has a market cap of $201 billion. At the same time, Bitcoin has a market capitalization of around $62.47 billion.

Pompliano decided to pay close attention to the revenue multiple – this is, the revenue to market capitalization. In this case, he mentioned that Bitcoin is undervalued when it is compared to Visa or MasterCard.

Anthony Pompliano commented on the matter:

“Today it is 1/4th the market capitalization of MasterCard and 1/6th of Visa, but it wouldn’t surprise me if Bitcoin surpasses both within the next 36 months. The legacy networks were built for a world that we no longer live in and the decentralized network is built for the future.”

Bitcoin is growing all over the world as a means of payment and also as a store of value.

As it works in a cheaper way, several companies are starting to accept Bitcoin rather than PayPal or other payment systems available in the market.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

mastercard bitcoin visa european market 648 days

Источник: bitcoinexchangeguide.com

mastercard bitcoin → Результатов: 58


Фото:

Why Bitcoin? Patreon Pushed By Mastercard to Ban Accounts in ‘Terrible Precedent’

Crowdfunding platform Patreon is grappling with fiat currency centralization after MasterCard demanded it must block the account of a prominent US author and several others. Spencer: Patreon ‘Axed’ Me Citing an email from the company in August, Robert Spencer, who penned multiple books about countering Jihad and advised law enforcement agencies, said it had “axed” him and he could no longer put contributed funds to any use.

2018-12-26 20:00


GreatBritishPoundToken ICO

Shopping online is meant to be ease . . Online shopping 'unease' with foreign currencies? Anxious about the privacy of your Credit/Debit card information? 'GBPT' is an online store that will offer electronic products from the top 10 Electronics brands and some more with most used products, not only this but also will offer the Best Bitcoin Mining Hardware (Bitmain).

2018-11-27 16:02


Google, Amazon, Bank of America, Mastercard, IBM and Microsoft Blockchain Patents are Piling Up

Top Big Tech Companies Working On Blockchain The blockchain technology that drives cryptocurrencies has been among the most significant news items in the past three years. With the explosive price spike of Bitcoin last year, the cryptocurrency markets have become the center of financial attention in many parts of the world. But the underlying technology […]

2018-9-21 19:35


Mastercard подал патент для улучшения системы B2B-транзакций благодаря технологии Blockchain

Гигант финансовых услуг Mastercard изобрел blockchain-систему, которая сможет упростить транзакции в среде «бизнес-бизнес» (B2B). Сообщение Mastercard подал патент для улучшения системы B2B-транзакций благодаря технологии Blockchain появились сначала на Freedman.

2018-9-15 22:41


Кредитная карта NetCents crypto для ежедневного пользования

Кредитная карта NetCents crypto будет принята на 40 миллионов торговых точек во всем мире, чтобы напрямую конкурировать с Visa и Mastercard. Сообщение Кредитная карта NetCents crypto для ежедневного пользования появились сначала на Freedman.

2018-8-28 12:42


Фото:

Op-ed: Multi-Token Connectivity Is The Next Step for Global Blockchain Adoption

Thanks at least in part to Bitcoin’s incredibly bullish trend over the past 12+ months, cryptocurrencies are experiencing daily discussion within the public. With companies as large as Goldman Sachs and MasterCard opening blockchain divisions, it’s no secret that distributed ledger technology has massive application potential.

2018-8-21 14:36


Генеральный директор MasterCard снова критикует криптовалюты

Выступая в Нью-Йорке, президент и главный исполнительный директор Mastercard Алжай Банга назвал «хламом» криптовалюты, утверждая, что волатильность цены и анонимный характер сделали их недостаточно ликвидными, чтобы считаться деньгами.

2018-7-26 18:52


Prominent Investor: Bitcoin is Headed Towards New All-Time High, Bullish Momentum

As the price of bitcoin surpassed the $8,000 region, analysts and experts in the cryptocurrency sector have become more positive regarding the mid-term trend of major digital assets. Spencer Bogart: The Bitcoin Low Might Already Be In It was recently revealed that Mastercard had secured a patent for linking fiat bank accounts and cryptocurrencies.

2018-7-26 17:27


В MyEtherWallet теперь можно покупать ETH

Популярный Ethereum-кошелек MyEtherWallet добавил новую функцию, позволяющую пользователям покупать ETH за фиат прямо на их сайте, используя карты Visa или MasterCard. «Мы решили сделать использование MEW проще для вас, поэтому мы теперь сотрудничаем с SimplexCC, что позволяет вам покупать ETH напрямую без использования бирж! Как только вы пройдете верификацию, ваши ETH появятся в вашем MEW», […] Сообщение В MyEtherWallet теперь можно покупать ETH появились сначала на Russian Bitcoin Community.

2018-7-23 10:34


Amidst Mastercard’s Outage, Bitcoin Community Compares Its Payment Advantages

Mastercard experienced a major glitch last week, which kept their customers from charging anything on their cards. Instead, the transactions were declined. However, rather than impacting a city or even a single state, this outage had a worldwide impact, which led to a very unhappy group of users voicing their opinions on social media. Even […]

2018-7-23 09:20


Mastercard подала патент на создание системы, связывающей Blockchain и фиатные валюты

Mastercard подала патент для защиты потребителей и совершения платежных операций благодаря blockchain. Сообщение Mastercard подала патент на создание системы, связывающей Blockchain и фиатные валюты появились сначала на Freedman.

2018-7-18 14:13


Bitcoin [BTC] transactions on Abra get a boost, MasterCard and Visa now accepted

On 13th July, Abra announced that the digital wallet application will now allow the use of Visa and MasterCard for Bitcoin [BTC] transactions. The wallet aims to make buying and selling of cryptocurrencies simpler and easily accessible with this move as these are the most commonly used credit/debit cards. Abra’s tweet | Source: Twitter Users can […]

2018-7-13 22:12


дальше еще 9 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why did Ethereum dive below $3K? Decoding ETH's sudden 6% fall

Ethereum has dropped below the $3,000 price range. ETH supply in profit dropped by around five million. The Ethereum [ETH] market witnessed a substantial price downturn as trading activity cThe post Why did Ethereum dive below $3K? Decoding ETH's sudden 6% fall appeared first on AMBCrypto.

Ethereum founder Vitalik Buterin says 'decentralize your security' - Why?

Vitalik Buterin proposes “multi-sig” to solve seed phrase issues with hardware wallets. Shamir is another alternative to storing seed phrases, but Buterin downplayed it.  Self-custody wThe post Ethereum founder Vitalik Buterin says 'decentralize your security' - Why? appeared first on AMBCrypto.

Why Ethereum's price can spiral towards $2500 over the next 7 days

Ethereum flipped its 1-day market structure bearishly. The former range highs were the next support region of interest. Ethereum [ETH] saw a wave of selling activity as profit-taking arose aThe post Why Ethereum's price can spiral towards $2500 over the next 7 days appeared first on AMBCrypto.

Chinese authorities arrest suspect in StarkNet airdrop identity scam

Chinese police arrested a suspect who stole 40,000 StarkNet airdrop tokens by submitting false identity claims before converting the ill-gotten STRK to over $91,000 in USDT. The post Chinese authorities arrest suspect in StarkNet airdrop identity scam appeared first on Crypto Briefing.

Will Bitcoin's 10% tumble in 7 days pull these altcoins down 30% as well?

AGIX, GRT, and APE, face potential crashes due to Bitcoin's bearish chart patterns. Major altcoins like Ethereum, BNB, and Solana have dropped significantly as well. In recent developments wThe post Will Bitcoin's 10% tumble in 7 days pull these altcoins down 30% as well? appeared first on AMBCrypto.

Ethereum's price below 3K! How long should you wait before the next rally?

ETH’s price dropped under $3000 on the 30th of April. The decline will likely continue if bearish momentum climbs. Ethereum’s [ETH] brief decline below $3000 during the trading session oThe post Ethereum's price below 3K! How long should you wait before the next rally? appeared first on AMBCrypto.

Why Worldcoin will reach $7 soon despite price drop

Holders are coping with unrealized losses, indicating a possible buying opportunity. Circulation decreased, suggesting validation of the bounce to $.7.46. Worldcoin's [WLD] price might have The post Why Worldcoin will reach $7 soon despite price drop appeared first on AMBCrypto.