TechTalkz
No Result
View All Result
Saturday, March 6, 2021
  • Login
  • Home
  • World
  • Economy
  • Stock Market
  • Opinion
  • Markets
  • Privacy Policy
  • About Us
  • Contact Us
Subscribe
TechTalkz
  • Home
  • World
  • Economy
  • Stock Market
  • Opinion
  • Markets
  • Privacy Policy
  • About Us
  • Contact Us
No Result
View All Result
TechTalkz
No Result
View All Result
Home Viewpoints

What will happen to MasterCard after the decision to support digital currencies?

by Sam
February 11, 2021
in Viewpoints
0
What will happen to MasterCard after the decision to support digital currencies?
200
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

It seems that the Mastercard company shares await a similar fate for the shares of the companies that announced their support for the use of digital currencies during the last period, after the company announced its new plans to allow its customers to use some cryptocurrencies on its network in payments later this year without talking about those currencies .

The Executive Vice President of MasterCard MA said yesterday evening, Wednesday, the company’s preparations for the future of encryption and payments, and the start of Mastercard’s support for a number of digital currencies on its network directly. The announcement comes less than a week after the giant Tesla announced that it had invested about $ 1.5 billion in bitcoin and considered Bitcoin as a means of payment in some of its products.

PayPal preceded MasterCard and Tesla in its support for digital currencies during the past year, after announcing in October 2020 that its customers would be allowed to carry out buying and selling operations through digital currencies.

This, and going back to the historical data, we find that the impact of PayPal’s decision strongly supported the rise of Bitcoin to approach its highest levels ever in that period at levels of $ 12,440, but it also supported the rise of PayPal PYPL shares by more than 5% that day, a similar scenario that was repeated Following Tesla’s announcement of investing in Bitcoin.

Therefore, it is possible that the MasterCard MA share will face a similar fate, and we will see a rise in the near term for the company’s shares and may then return to decline again, especially since the stock started to rise since the release of the company’s earnings data in 2020, which came better than expected, and then the stock rose by more than 2 %.

Looking at the MasterCard MA stock chart, we notice that it is trading inside a bullish channel, and is currently testing the 50 and 100 moving averages on the 4 hour chart. Taking into account the rise in shares of Tesla TSLA and PayPal PYPL after the decision to support cryptocurrencies, this may lead to witnessing the stock’s rise in today’s trading.

It is worth noting that the stock of MasterCard MA is currently trading up by 0.83% in early trading at $ 337, and if the upside scenario is followed, we may witness a test of the $ 355 level. However, the positive outlook will diminish with a break of $ 312 levels.

Tags: analysiscryptocurrencyMastercard
  • Trending
  • Comments
  • Latest
GBPJPY: A trade setup

GBPJPY: A trade setup

February 11, 2021
The Glorious World of EVs: markets to be watched

The Glorious World of EVs: markets to be watched

February 6, 2021

High-Speed Traders In Search of New Markets Jump Into Bitcoin

January 3, 2021
Apple Talks Recently Pauseed with Hyundai, Kia

Apple Talks Recently Pauseed with Hyundai, Kia

February 6, 2021
GBPJPY: A trade setup

GBPJPY: A trade setup

0

Oil Heads for Best Weekly Gain in Month on Keystone Disruption

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

Fund Tracking Bitcoin Launches in Europe as Crypto Gains Backers

0
GBPJPY: A trade setup

GBPJPY: A trade setup

February 11, 2021
AUDJPY strong rallies leave question marks

AUDJPY strong rallies leave question marks

February 11, 2021
Natural gas prices await important data around $ 3 levels

Natural gas prices await important data around $ 3 levels

February 11, 2021
What will happen to MasterCard after the decision to support digital currencies?

What will happen to MasterCard after the decision to support digital currencies?

February 11, 2021

Recent News

GBPJPY: A trade setup

GBPJPY: A trade setup

February 11, 2021
AUDJPY strong rallies leave question marks

AUDJPY strong rallies leave question marks

February 11, 2021

Categories

  • Cryptocurrency
  • Economy
  • Forex Trading
  • Gadget
  • Markets
  • Opinion
  • Politics
  • Real Estate
  • Startup
  • Stock Market
  • Technical Analysis
  • Viewpoints
  • World

Site Navigation

  • Home
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 TechTalkz - Forex & crypto traindg news & magazine TeckTalkz.

No Result
View All Result
  • Home
  • World
  • Economy
  • Stock Market
  • Opinion
  • Markets
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 TechTalkz - Forex & crypto traindg news & magazine TeckTalkz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

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