CEO of Mastercard calls all cryptos that are not government mandated "junk"

Bankers, CEO's, Governments... These people have no idea what is coming. They think they can control the crypto tidal wave that is on its way but they are wrong!
See below a prime example of an industry that will be changed beyond recognition by the blockchain. This man has not even bothered to learn about other cryptos that will eventually see him looking for a new job.

In an interview with The Economic times from India the CEO of MasterCard was quoted with the following.

How do you see the move towards digital currency?

Ajay Banga- "If the government creates digital currency, we will find a way to be in the game. We will provide rails for moving currency from customer to merchant. The government mandated digital currencies are interesting. Non-government mandated currency is junk.

If I pay for a bottle of water in Bitcoin, one day it is two bottles for a Bitcoin the other day it is 9,000 bottles. This does not work. Any currency needs stability and transparency, otherwise you will get all the illegal activities in the world. Why was the ransom for the virus (wannacry ransomware) collected in bitcoin? Why has China cracked down on bitcoin?"

First they ignore you, then they laugh at you, then they fight you, then you win.

Mahatma Gandhi