“Ownership stake” for the the ones on the bottom.
What is the stake?
Big difference if it’s 7% versus 70%
What is OP trying to say is scary?
What is scary is your two UK “facts” that I have checked are either false, or highly misleading.
Mastercard is an American brand, that has four American founders; HSBC is a British bank and is not a founder!
This “partnership” that Coinbase is talking about with Barclays, another British bank – is nothing more than Coinbase opening up a business account, where they were forced to do in depth anti-money laundering!
Reading some of the comments below I can see some of your American and European stuff has also been pulled apart in terms of not being factually correct.
But hey this is Reddit, who needs the truth when you got a (badly resized) chart/picture to prove your case?!
coinbase lost barclays – they are changing banks right now – not a partnership either
This is just a weak link list that tries to form connections
If you want to create an interesting list, look at all the investors who put their money into the binance exchange
Lmao this entire thing is ridiculous. Who the **** wasted their time making it.
Why include Barclays for coinbase?
Scary how you think crypto gonna flourish without institutional money.
next time you want to create controversy among people with critical thinking skills don’t just throw companies names, add the percentage they own at least, because many of us can put 500k USD in CoinBase and then make a freaking infographic saying we are the owners which is stupidly misleading. Also notice how OP puts JP. Morgan logo next to shitcoins logos, its as if OP would have been in charge of creating a chart for a HS project
it takes the big players like this in order to keep the government from completely cracking down Tiananmen square style. There is no way around it….either the elites get at least a cut of things or they will nuclear bomb everyone. Bitcoin is a honeybadger and cannot be stopped….but so are the elites. Real recognizes real and this is how they decide to adapt with both surviving to some degree.
I wouldn’t be surprised if the banks are the whales manipulating prices and making a **** ton of money off of regular people
This is not a bad thing. People and businesses with the means are investing in the *businesses behind the crypto tech* and not the crypto itself. That makes sense because whichever solutions find adoption will leverage these tools that enable consumer adoption.
If Coinbase was public I would hold more in their stock than I would in Bitcoin, too.
What annoyed me is this list shows the truth the elite have always been controlling things from the beginning but so many people here so naive!!!!
It’s only going to be scary if I end up broke.
Yeah what is scary about this? I’m kinda confused.
DCG doesn’t own coinbase, second market doesn’t exist anymore, no idea wtf the point is with banks creating MasterCard. This is garbage and I can’t even imagine the conclusion you want people to reach.
It would be useful to have some percentages for the ownership stakes. Are they just investments or would they offer some sort of influence. Also I’m sure the partnership between Barclays and coinbase was just a bank account to allow coinbase to offer faster payments to UK residents.
You can pretty much do this anywhere in the financial sector. It’s just how things work.
Coinbase and Barclays are no longer partners.
Picture is too small.. Can’t see anything
Digital Currency Group is one of many investors in Coinbase so “owns” is a bit misleading.
Coinbase on Crunchbase: https://www.crunchbase.com/organization/coinbase
I don’t think people here really appreciate the incredibly unlikely prospect that Crypto will simply takeover the whole established economy of the planet, across countless regulatary bodies.
What is more likely is that adoption takes hybidised forms, banks learn to deal with and incorperate crypto and perhaps sometime in the future we, as a society, get to a point where third parties are not wanted. Until then you can’t just throw a multi-trillion dollar industry with countless jobs out because a minority of righteous individuals want to send money anonymously from one person to another.
OPs infographic IS adoption.
I think it’s outdated. Today, even more financial giants are being involved into different crypto projects. And that is how the world has been functioning for decades. Crypto makes no difference and that is not a bad thing.
Big money has stakes in everything. Duh.
Crypto should be decentralized but it more and more centralized after every year
You gotta play the boardgame Monopoly
Of course the financial industry is interested, 5 years ago this would seem like a good thing.
As long as networks are decentralized, permissionless and open source, I don’t see a problem.
Scary how the resolution is so low you can’t read all the text
You can draw networks like this in any industry. Crypto is no different. I mean… what were you expecting?
Nothing new. And, how convenient, Blockstream is missing.
If this submission was flaired inaccurately, [click here](https://www.reddit.com/r/CryptoCurrency/wiki/resources#wiki_accurately_flairing_content).
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Your email address will not be published.