Mastercard Open to Crypto on Several Conditions

Mastercard representative stated that the company would consider facilitating the use of national digital currencies issued by central banks
19 March 2018   810

Mastercard Incorporated is an American multinational financial services corporation headquartered in New York, United States. Its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use debit and credit cards to make purchases. 

Financial Times reports that Ari Saker, the senior executive at the Mastercard, stated that the company would be "happy" to consider facilitating the use of national digital currencies issued by central banks. The trick is that they are ready to do that on certain conditions: cryptocurrency should be backed by the regulator, meet all the regulatory requirements and should not be anonymous.

If governments look to create national digital currency we’d be very happy to look at those in a more favourable way [compared with existing cryptocurrencies]. So long as it’s backed by a regulator and the value . . . it is not anonymous, it is meeting all the regulatory requirements, I think that would be of greater interest for us to explore.

Ari Sarker

Co-president, Mastercard's Asia-Pacific business

Moreover, he added that MasterCard Labs is working on a blockchain technology that should support a wide range of use cases, like interbank payments, tracking trade finance obligations along the value chain, exchanging know your customer and anti-money laundering data between trusted parties, and more.

Previously, we have reported that both Mastercard and VISA decided to change the way cryptocurrency purchases were processed on their networks.

G Suite & Target Twitter Accounts Hacked

Scammers hacked verified G Suite and Target Twitter account to use it for another fake "crypto giveaway"; 5.8634 bitcoins received
14 November 2018   103

Twitter accounts of one of the leaders in US retail Target and Google G Suite services were hacked by unknown, who immediately announced the free giveaway of bitcoins. The legitimate owners returned access to their pages quickly enough, but fraudsters still managed to get about $ 30,000.

After hacking the account G Suite, which has more than 800k subscribers, announced the distribution of 10 000 BTC. As reported by The Next Web, this post was deleted after 10 minutes. At the moment, Google has not commented on the situation.

Scammers message
Scammers message

Account Target, which has a little less than 2M subscribers, announced the distribution of 5 000 BTC.

Representatives Target confirmed hack of account, starting an investigation into the circumstances of the incident.

Early this morning, our Twitter account was inappropriately accessed. The access lasted for approx. half an hour & one fake tweet was posted during that time about a bitcoin scam. We have regained control of the account, are in close contact with Twitter & are investigating now.

As exploers show, there were no transfers to the of hackers of the G Suite account. However, with the help of a post on the Target page, attackers were able to get 5.8634 bitcoins.