Credit cards are seen as both a major convenience for consumers, and also major industry powerhouses. They have lot of power. This article shows the top 5 credit card companies and what they are doing in regards to cryptocurrency.
Visa — 323M Cardholders
Currenty Cryptocurrency Affiliation: Monero
In July 2017, Visa began offering restaurants and food vendors across the U.S. rewards of up to $10,000 for upgrades to technology that encourage electronic payment on the condition that they stop accepting physical cash. This is a major step towards a cashless society, and allows major credit companies and banking more control over money. In addition Visa has introduced the Monero Debit Card which uses the cryptocurrency known as monero to pay for things. Currently Visa is the most powerful credit card company in the world, so far they have only chosen to back Monero, which surprisingly isn't one of the main cryptocurrencies.
MasterCard — 191M Cardholders
Currenty Cryptocurrency Affiliation: Ethereum
Mastercard recently joined the Ethereum Enterprise Alliance, and will most likely attempt to integrate their payment systems with Ethereum.
Chase — 93M Cardholders
Currenty Cryptocurrency Affiliation: Ethereum
JP Morgan was one of the first to join the Ethereum Enterprise Alliance, and will most likely attempt to integrate their payment systems with Ethereum. JP Morgan owns Chase. They are also the most powerful bank in the world.
American Express — 58M Cardholders
Currenty Cryptocurrency Affiliation: Bitcoin
American Express recently brought credit card buying to the Bitcoin App Abra. Abra is a bitcoin-based digital wallet app that lives on your smartphone.
Discover — 57M Cardholders
Currenty Cryptocurrency Affiliation: None
Discover currently to my knowledge has no affiliation to any cryptocurrency.
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