Mastercard CEO Attacks Cryptocurrencies Again, Branding them ‘Junk’

Updated: 28 August 2021

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The president and CEO of Mastercard, Ajay Banga, has used the J-word again. Speaking in New York, Banga termed cryptocurrencies ‘junk’ arguing that the factors that made them unqualified to be mediums of exchange included their anonymous nature and the wild fluctuations they experienced. “I think cryptocurrency is junk….The idea of an anonymized currency produced

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Mark Emem

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