The progress of crypto adoption continued along today, with Mastercard announcing that they are purchasing blockcahin analytics firm Ciphertrace. The press release states, that the acquisition will help Mastercard enhance its fraud monitoring for its crypto-related programs. The acquisition will allow the payment firm to merge the data intelligence it has gathered from the card payments sector with the fast-growing crypto space. Sounds like a regulators wet dream. Crypto is supposed to be for the people, by the people. Not controlled and regulated by the same banksters that have gotten us to where we are already at with our inflating money supply. At this point I can't see a good reason for one of the largest payment processors to have the ability to be track and tracing entire digital currencies, but who knows maybe one will come up.
Link to announcement:
https://www.businesswire.com/news/home/20210909005577/en/Mastercard-Acquires-CipherTrace-to-Enhance-Crypto-Capabilities