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Inside the Quest at Colossus to Replace Visa and Mastercard With KYC-Less Crypto Cards [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Joseph Delong's desk looks less like a developer's workstation these days and more like an electronics repair shop, littered with technology that crypto was pioneered to replace. That's because the veteran Ethereum developer and former SushiSwap CTO has accumulated what he describes as a “box of goodies” while building a stablecoin credit card network called Colossus—from point-of-sale test terminals to card readers and manufacturer sample books. “Trying to get my hands on the hardware, it's like this arcane knowledge that nobody could get access to,” Delong told Decrypt from his home office in San Antonio, Texas. Consisting of four employees, the company expects its Ethereum layer-2 scaling network to debut in March, and it's designed in a way that replaces traditional bank settlement with a sovereign credit card rail that treats users' account addresses as their sole identity. Colossus has raised $500,000 in pre-seed funding, according to documents shared with Decrypt . Tho Show less Read more
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