Mastercard buys CipherTrace

according to multiple sources, CNBC linked here. Terms not disclosed at this time. About a one minute read.

Comment: a couple points; as we’ve talked about several times here on Fintech Flash News, the cash rich incumbents are buying Fintech firms at a rapid clip. Second, many don’t realise — although we’ve made the point several times — that most transactions on most blockchains are public, hence CipherTrace’s business model.

But what if you need to remain anonymous, while realising the benefits of cryptocurrencies e.g., fast payments and low fees? Two words: privacy coins.

What is a Privacy Coin?

Ok, this is an excellent question. Privacy Coins are topical because cryptocurrencies are often blamed for money laundering and other criminal activities. So let’s talk about Privacy coins and see what we can learn!