Bitcoin is trash? See how Mastercard CEO Ajay Banga blasted cryptocurrencies

"I think crypto-currency is junk .The  idea of an anonymized currency produced by people who have to mine it, the value of which can fluctuate wildly - that to me is not the way that any medium of exchange deserves to be considered as a medium of exchange," Mastercard President and CEO Ajay Banga said.

Bitcoin is trash? See how Mastercard CEO Ajay
A crypto-currency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Image source: Reuters

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