International payment system Mastercard has linked lower financial performance in the first quarter of this year, with a decrease in the number of customers who could buy cryptocurrency using her credit cards.
At the same time, the volume of cross-border payments decreased by 2% compared to the last quarter of 2017, according to Mastercard CFO Martina Hund-Mejean (Martina Hund-Mejean), was in part “due to the decrease in funding cryptocell”.
Chapter Mastercard Ajay Banga (Ajay Banga) also explained that in the corporate strategy of the company crypto-currencies at all do not take on a leading role due to their inherent unpredictability. Earlier, he harshly criticized all cryptocurrencies, unauthorized by the government, calling them “garbage”.
Recall that, according to the payment processor Worldcore, 53% of users of Visa, Mastercard and UnionPay buy cryptocurrency. However, the largest financial institutions, including the American J. P. Morgan Chase, Bank of America, Citigroup Australian Commonwealth Bank of Australia, and a British group Lloyds Banking Group has imposed a ban on the purchase of cryptocurrencies through credit cards.