Crypto community responds to Mastercard outage: Global payment giant Mastercard suffered a huge outage last week that led to a substantial hold-up in users’ transactions.
Mastercard down – users report card payments failing due to glitch https://t.co/UxaCec5vhQ pic.twitter.com/XsSlIlqaLQ
— Frédérique FP (@Frederique_FP) July 16, 2018
First reported by the Financial Times on July 12th, the outage had a global impact that sparked major complaints from consumers. Mastercard suffered outages across the US and most of Europe.
Some issues? We were unable to get our rental car and now we’re losing half a day of our holiday. Would have been great if you informed your costumers in any way, would us saved us a lot of time and telephone time with our bank. We had to google news to find out what was wrong.
— Marit van Kooij (@Maritvankooij) July 12, 2018
As to be expected, many of those affected took to social media to voice their frustrations even after the issue was solved. Usually, frustration fades over time and that would be the end of it, but this time, crypto enthusiasts took notice and voiced their opinion.
Crypto Community Responds to Mastercard Outage
Many individuals within the cryptocurrency community chimed in on the financial giant’s post advocating for cryptocurrency over Mastercard.
Bitcoin has never had a service interruption.
— reivanen (@reivanen) July 13, 2018
Another user said:
Send an email to marstercard asking why they aren’t using ripple technology
— David Henderson (@davehendo69) July 13, 2018
Then there was a copious amount of Ripple enthusiasts chiming in, seeing as Ripple works with major financial institutions.
First @Visa…. now it seems @Mastercard is down… when will people realise that there is an alternative decentralised system for payments available… you’re in control and it’s costs less to use!!! @Dashpay @DashForceNews #dash #blockchain #cryptocurrency
— The Lighthouse Company (@2017_tlc) July 13, 2018
Even DASH enthusiasts chimed in. Despite crypto enthusiasts’ efforts to pull a few more people over to the crypto side, there wasn’t a spike in the cryptocurrency market during this Mastercard downtime. But who knows, maybe now the global financial giants will consider taking a serious look at blockchain technology to prevent this from happening again.
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