![]() ![]() Mastercard embracing crypto is like my Indian dad embracing me…it’s conditional on how well I behave. Mastercard is partnering with some of the BIGGEST and the BEST crypto projects to make this whole thing happen.įor infrastructure support □ Aptos, Solana, Polygon and Avalanche So you can finally buy those Gucci bags in the bull market and those small fries from McDonald's ’s in the bear market with your crypto! □Ĭuz’ Mastercard processes around 74 Billion transactions per year! □Īnd with crypto transactions, this number is only set to increase. What does this actually mean in the REAL WORLD?ġ️⃣ Businesses can easily verify the identity of their customers and ensure that all transactions are legitimate.Ģ️⃣ Mastercard will be able to process transactions made with crypto, making it easier for people to spend their crypto in the real world. Use metadata to bring more detailed information to transactions □.Have simple, straightforward public wallet identifiers □.Support compliance in cross-border transactions □.Mastercard wants to help solve that by using its power of influence and capital. ⛔️Īs you read in the story above, there are still a lot of ways “trusted” entities are scamming people in crypto. So let’s breakdown this Mastercard announcement the doodhwala way:Ĭrypto mass adoption has been slow for the same reason I broke up with my ex- TRUST ISSUES. “ doodhwala is committed to bolstering crypto mass adoption through information access in ways that are lactose-ically tolerant” Mastercard announced that it will be creating crypto credential standards to support mass adoption. Over this weekend, they made some BIG announcements that tingled our doodh. It is the company you only think about when you are trying to get free access to airport lounges with your credit or debit cards. The forever solution is – read the □ doodhwala □ to keep up with crypto. The short term solution is – trade crypto for fiat on Over The Counter (OTC) markets. The long-term solution is – lobby the government and the banks to provide on and off-ramp solutions for crypto exchanges. ✅ P2P is popular because it works (most of the time). ![]() In a country where the banks don’t wanna work with crypto exchanges, there is no easy solution. □ □ Reader: I’m hearing problems but no solution! CAHOOTS: the person you’re trading with works with the local CyberCrime police to – freeze your account + force you to return the money + force you to pay a penalty.SCAM: the person you’re trading with lodges a complaint for some reason and your account turns into Frozen 2.FRAUD: the person you’re trading with has got their INR from a fraud (like the case above).□Īnd this is □ marketing for her exchange and □ marketing for Binance P2P.īut we’ll be real for a minute – P2P trading is more shady than when the traffic cops pull you aside and say, "I can let this slide. □ Doodh SUS: It’s also hella sus that the user who sparked this entire mess on Twitter up literally works in the Marketing department for a decentralized P2P exchange. When the authorities caught The □ Scammer any account associated with it was □. The reason The □□ ♂️ Police froze The □ ♀️ User’s account is because they received the money from The □ Scammer who was involved in a “ call centre scam.” □□ ♂️ Police: Freezes the □ ♀️ User’s account ![]() ![]() □ Scammer: Gives the INR + Collects USDT □ ♀️ User: Logs onto Binance P2P to sell $560 of USDT → INR Last week, a user who used Binance P2P had their bank account turn into Elsa. In □□, the go to way to P2P trade is through – Binance.Įver since 2022, when Indian banks said “HELL NO” to crypto exchanges offering direct deposit and withdrawal features, users switched to P2P trading. P2P trading is hella popular in – □□ Argentina, □□ Philippines, □□ Sweden, and several African countries as well.īut P2P trading is ☢️ hella risky ☢️ as we found out last week. □ Doodh Fact: P2P trading is the only option in countries with no on-ramp or off-ramp support for crypto exchanges. □ inform you about the fiat payment method This is done through – P2P exchanges, which provides provides infrastructure like – escrow accounts, feedback systems, rating scales, and dispute resolution. P2P trading is a way to directly buy or sell crypto without intermediaries. Most bank accounts don’t connect to crypto exchanges. Transacting in crypto is hard if you’re in countries with absolutely □ regulations. ![]()
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