Mastercard ceo opened the war against cryptocurrencies. But the prices of bitcoins have failed to move down. After the negative comment from a corporate biggy it has actually. 
Few weeks back Jamie Dimon of Chase Bank called Bitcoins as fraud, now its master card ceo. Citing the example of water bottles he left the message that volatality is not good for currency.
Ajay Banga, CEO of Mastercard, leveled an attack all cryptocurrencies that are not government backed by calling them “junk”.
Virtual currencies are almost direct competition for the payment instruments like Mastercard. when asked his opinion on the future of payment technology, Banga was not complimentary of how things stand at the moment.
To me it is Crypto vs non-crypto digital 'money'
But it is also about Owned vs non-owned systems
All we the users, need is an "app" so I can pay you or the merchant.
No need for plastic cards.
And it is this that has the elite bankers scared IMHO
But assuming my coffee shop takes crypto and so does my landlord as they both have an "app"
I just transfer crypto as needed. I don't need FIAT unless I want to deal with someone still on that old system.
Am I correct?
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Yes, he is a reliable unbiased source. LOL
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