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.Read more
The number of cards outside the United States is particularly good news for MasterCard investors because the company generates around 69% of its revenues from international markets. More importantly, MasterCard experienced double-digit growth in those markets in 2016.Read more
American patriots might cringe at this collapse of the greenback, but there are many positive side effects. Shrewd investors can make a lot of money and have a lot of fun with a falling dollar.Read more
Another opportunity for Capital One investors is all the hysteria about banking being doomed.
The truth is that retail banking is doomed but banking has a long future ahead of it and Capital One will be a big part of it. Capital One’s future is bright because of the extensive business it does on line. It might be in a better position to cash in on the growth of online banking and app-based payments.Read more
The TenX Visa is supposed to convert eight cryptocurrencies including bitcoin, ethereum, ERC20 and Dash (the currency formerly known as Darkcoin). More currencies; presumably including Litecoin are coming according to the TenX website. It is not clear if there is any connection between TenX and China’s Tencent Holdings.Read more