Mastercard has opened up their own blockchain to allow payment transactions to be carried out between selected banks and merchants but this process uses fiat currency and not Bitcoin or other cryptocurrencies

In Hong Kong According to the South China Morning Post there has been doubling in the number of cases of students selling counterfeit goods on online community marketplaces over the past year The number of fakes found being sold in physical stores jumped 400 over the same period Even though some of these items were not marketed as originals this activity is still illegal Millions of dollars in fakes have been seized and large fines have been levied on perpetrators

The ongoing regulatory delays and hurdles imposed by the US government have not dampened the enthusiasm for crypto related products such as the highly anticipated Bakkt launch

Mastercard has opened up their own blockchain to allow payment transactions to be carried out between selected banks and merchants but this process uses fiat currency and not Bitcoin or other cryptocurrencies