Understanding Cryptocurrency Terminology

This essay is intended to be a layperson’s guide to cryptocurrency; and related technologies, for writers and other non-tech people. Persons seeking a more technical explanation should look elsewhere.

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MasterCard CEO: “Non-government mandated currency is junk”

Notice Banga said government-mandated, which means he might accept a private cryptocurrency that has a government’s seal of approval. This means MasterCard might be open to working with China’s NEO or Russia’s Waves; both of which seem to have indirect government backing. Crypto users should beware because Banga might also be aware of plans for some sort of crackdown.

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