• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Bitcoinist_Earnings Report
Nexo

MasterCard Sees Major Earnings Growth And Keeps Tabs on Blockchain

Jp Buntinx by Jp Buntinx
6 years ago
in Bitcoin, Bitcoin Breaking News Brief, Bitcoin Technology, Blockchain, Breaking Bitcoin News, Breaking News, Companies, News, News teaser
0

Despite obvious signs on the wall of how the financial world is starting to crumble, there are still plenty of financial players reporting a healthy profit year over year. MasterCard is one of those companies seeing a whopping 11.1 percent profit rise, as the purchase volume increased during the final quarter of 2015. This is quite an interesting piece of information, especially when considering how the company is interested in blockchain technology and Bitcoin as well.

Also read: Brave Web Browser Early Look: 27% Faster Than Firefox, Bitcoin Integration

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

MasterCard Sees A Big Growth During Holiday Shopping Frenzy

Bitcoinist_Earnings Report MasterCard

Whenever a credit card issuer reports a quarterly earnings report, there are always certain factors to take into consideration. It only seems normal for these companies to report growth in transaction volume during the final quarter of a year, as this is when the holiday shopping spree goes in full effect.

That being said, an 11.1 percent rise in quarterly profit is quite exceptional, especially when considering how consumers all over the world are still feeling the effect of the 2007 financial crisis to this very day. Consumers are more aware of their finances these days, although there is still plenty of impulse purchasing going on whenever sales or holidays are around the corner.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

With a net income of US$890 million during Q4 2015, MasterCard saw a major increase compared to the same period in 2014. In total, there was a US$89 million difference in net income, leading an individual share price increase of US$0.10. Needless to say, investors will be more than pleased with this news.

These earnings were on par with the projections made by financial experts earlier in 2015. In fact, the projections predicted a spot-on 79 cents per share value by the end of 2015. This just goes to show how hard work can pay off for MasterCard, despite stiff competition from Visa as far as the credit card industry is concerned.

With a 12 percent increase in transaction volume by customers, credit cards issued by MasterCard are becoming a preferred method of payment all over the world. Considering how contactless payments are on the rise all over the world, it only seems to make sense consumers are flocking to credit card and other payment solutions.

Bitcoin is A Viable Global Payment Alternative

Bitcoinist_Earnings Report MasterCard Blockchain

Unlike plastic cards, Bitcoin has been offering cross-border payments for many years now. The main difference between Bitcoin and Mastercard is how the former is subject to much lower transaction fees, as the sender pays for every transaction rather than the recipient. Plus, there are no intermediaries involved in Bitcoin, putting the end user in full control of their finances at all times.

That being said, MasterCard has openly expressed their interest in blockchain technology recently. Embracing distributed ledgers would allow for cheaper payment solutions, as well as reduce overhead costs. Furthermore, it would also be beneficial to merchants as they can receive funds faster, rather than waiting for several days until the money arrives.

What are your thoughts on the MasterCard earnings report? Will this trend hold up over the next few years? Let us know in the comments below!

Source: Reuters

Images courtesy of MasterCard, Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jp Buntinx

Jp Buntinx

JP Buntinx is a freelance Bitcoin writer and Bitcoin journalist for various digital currency news outlets around the world. In other notes, Jean-Pierre is an active member of the Belgian Bitcoin Association, and occasionally attends various Bitcoin Meetups in Ghent and Brussels

Related Posts

Argentina

Argentina NGO Spearheads Mission To Educate High Schoolers About Crypto

3 hours ago
Shiba Inu

Shiba Inu Extinction: Finder Panel Predicts SHIB To Have Zero Value By 2030

6 hours ago
Russia

Russia To Legalize Cryptocurrency As Form Of Payment, Minister Says

8 hours ago
Bitcoin

Bitcoin Open Interest Nosedives, But All Hope Is Not Lost

16 hours ago
USDC Exchange Reserves Start Fall, Dry Powder For Bitcoin?

USDC Exchange Reserves Start Fall, Dry Powder For Bitcoin?

20 hours ago
Terra

Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says

21 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.