Black Card on the #blockchain
▻https://hackernoon.com/black-card-on-the-blockchain-9df4df7781e7?source=rss----3a8144eabfe3---4
Exclusive experiences enabled by the blockchainThe Diners Club — then AmEx — spurred widespread acceptance of the credit card. Could a similar model trigger mass adoption of #cryptocurrency?“‘Someday…” said Frank McNamara.“Restaurants all over New York will honor this card.” A bold statement at the time. Until 1950, no other company had successfully issued a credit card accepted at more than one merchant.But in a matter of a few years, the Diners Club took the idea of a common courtesy card and turned it into an industry of its own.Not long after, credit cards became ubiquitous.Immediate PopularityThe Diners Club card was an innovation. It significantly improved upon previous cards and, as the first multi-purpose charge card, it paved the way to mass adoption.This unique product managed to gain (...)