Mastercard is backing bitcoin
In the United Kingdom there are nearly 50 million MasterCard users for 16 years.
However, there is currently a class action lawsuit seeking fines and damages of over $ 15 billion.
In this case, it is legally asserted that MasterCard charged retailers with too much fees.
This meant that retailers were forced to raise prices for their products.
MasterCard has fought in this class action lawsuit, saying, "We have objected to the grounds of the lawsuit, and UK consumers have benefited from services such as the company's security and convenience services for fees."
Traditional financial systems have failed many times.
Bitcoin is a distributed system and can not be tampered with, so hacking is impossible.
In fact, transaction fees are very transparent and there are also sites for providing that information.
Currently, Bitcoin transaction fees are unstable.
In the bull market in 2017, the confirmation time was longer, resulting in higher fees.
The bearish market conditions eased the pressure on the system.
The developers were able to build an infrastructure with enough scalability to perform the function of a global reserve currency.
Once the bearish market situation is over, the bullion's investment will begin and Bitcoin's extensibility will be tried again.
When that happens, there is no proof that current technology works.
However, because Bitcoin is a transparent system, you can accurately grasp the fees paid!
The cost of traditional financial services increases even though fees do not change over time.
Users are losing trust in traditional payment systems every day.
In contrast, the new distributed digital currency system will continue to earn the trust of its users.
While MasterCard refutes in court that we are not bad, Bitcoin continues to grow in number and volume of transactions.
Bitcoin continues to be strong
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