The group responsible is “Collective Shout”, the same org has targeted Steam before.
There are calls on social media now to contact Mastercard, Visa and co. and file complaints.
The group responsible is “Collective Shout”, the same org has targeted Steam before.
There are calls on social media now to contact Mastercard, Visa and co. and file complaints.
Crypto has serious weaknesses on the payment processing side of things when it comes to small to medium business purposes.
Not to mention your still beholden to the traditional payment processors the moment you want to get your money out of crypto and back into an actual usable form.
Crypto is great. As long as you stay within its ecosystem the moment you need to sit on the line where you’re transferring in and out real money to crypto crypto to real money on a small scale with frequent processes. You just end up right back where you started.
Visa, MasterCard, PayPal and many others have already made sure to have methods to put pressure on that middle link between crypto and real money. So even if you try and sidestep them, don’t worry. They’ve thought of it too.
Making crypto backed by more and more things (like games) makes staying within its ecosystem more comfortable in the long run.
Yeah, but there are already tons of widely-known legal services everybody uses like Coinbase, Binance, etc, which make it easy to P2P from card to crypto and it’s impossible to control money flows after it turns into crypto, which means controlling how people spend their money like this would be impossible. But yeah, regarding big players like Steam adopting crypto and converting into/from real money on large scale - and what payment processors can do about this if they are pissed off - this is something I have no idea about. But people like Elon Musk probably do this a lot with incredible volumes of money.