MasterCard Denies PayCoin Partnership

Last updated on October 13th, 2017 at 06:23 pm

On February 25th, 2015 Mr. Garza posted on the Hashtalk forums a screenshot of an email that he purports is the start of a partnership with MasterCard.

In multiple forum posts Mr. Garza would state in a thread title, I love good news in the morning

The posts from Mr. Garza implied a partnership had been verbally committed in regards to PayCoin. He would also clarify that it was Paycoin who had a deal with MasterCard.

Two members of the Coin Fire team reached out to MasterCard asking about the partnership and received a statement from Mr. Seth Eisen from the MasterCard Corporate and Public Affairs Communications department stating,

I want to clarify that MasterCard does not have a relationship with PayBase/PayCoin.

While Mr. Garza or his affiliates could potentially be working with a MasterCard branded bank for the debit card it however is not working directly with MasterCard as implied by Mr. Garza’s posts on the HashTalk forums.

Coin Fire

Coin Fire is a cryptocurrency news site started on June 6th of 2014. The site focused on hard-hitting investigative stories. Coin Fire was acquired by 99Bitcoins on October 2015.

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27 Comments on "MasterCard Denies PayCoin Partnership"

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@ChangeTip
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@ChangeTip

Tim Tayshun just left a Bitcoin tip worth 981 bits ($0.25).

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No Reply

Crap, crap AND crap…

reader
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reader

And your point is????

DeludedFools
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DeludedFools

I can’t believe dumb people still fall for obvious scams like Paycoin. If you fall for this scam you are really fucking stupid. It is ibvious that hashtalk is full of sockpuppet accounts made by Garza to pump his scam and a few dumb teenagers actually fell for this shit. It’s not too late to call the police and tell them you got scammed, even better if you are located in the same place Garza is , authorities would have jurusdiction there to arrest him.

Adam
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Adam

This is the least professional and worst thought out article I’ve read in the cryptonews world.. EVER. Not only is it a blatant attack on a specific currency, but the person referenced from MasterCard would NOT have knowledge of negotiations, nor would they be allowed to reveal details. As well.. BOTH responses fit fine with what Mr Garza has said.. there is NO CARD program… right they are in negotiations..
This drivel is assinine

park Ranger
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park Ranger

I sincerely hope the email displayed from MasterCard is real as I work for MasterCard i will investigate this tomorrow morning…to use Mastercard logo in away that may damage the reputation of another company is something we will not tolerate

Mike
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Mike

Please do so, oh and be sure to report back here HONESTLY when you find out this was the truth.

Babaloo
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Babaloo

And here is how Coinfire investigates, amazing!!! run run smoking gun, let see, now you have insider, OMG he works for MC.

TimTayshun
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TimTayshun

Love it!

solid12345
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solid12345

Like anyone is naive to believe MasterCard would ever work with this crook, not only is he sleazy but what does he bring to the table for MC anyway? Why wouldn’t they just go with Bitcoin?

M. Willemsen
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M. Willemsen

Garza will be either in jail or in brazil at the end of this year.

MHarris785
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MHarris785

Suck a dick Coinfire!

AaronOMO (@Aaron__Farias)
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AaronOMO (@Aaron__Farias)

Didnt the ceo of mastercard release a video last quarter talking about how bad cryptocurrency is? LMAO what kind of fool would thing GAW would change their mind in a month. I’ll add that to the list of:
-20 floor
-speaking at miami conference
-buy back program
-buy XPY for CC

Literally 0 fulfilled promises.

anon
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anon

$20 floor did last for about 2-3 minutes at least, maybe 10, not sure, I was not there. Assholes out there signed up with multiple accounts and maxed out the $700 sells which just burned through the fund. They didn’t quite expect so many people cashing out and esp not 1 person signing up for 10 accounts.

using cc to buy xpy is still quite possible and so is the buy back program.

wpDiscuz