Updated: 8/1/2025 4:18 p.m. ET: In a statement to Kotaku, a spokesperson for Valve said that while Mastercard did not communicate with it directly, concerns did come through payment processor and banking intermediaries. They said payment processors rejected Valve’s current guidelines for moderating illegal content on Steam, citing Mastercard’s Rule 5.12.7.
“Mastercard did not communicate with Valve directly, despite our request to do so,” Valve’s statement sent over email to Kotaku reads. “Mastercard communicated with payment processors and their acquiring banks. Payment processors communicated this with Valve, and we replied by outlining Steam’s policy since 2018 of attempting to distribute games that are legal for distribution. Payment processors rejected this, and specifically cited Mastercard’s Rule 5.12.7 and risk to the Mastercard brand.”
Rule 5.12.7 states, “A Merchant must not submit to its Acquirer, and a Customer must not submit to the Interchange System, any Transaction that is illegal, or in the sole discretion of the Corporation, may damage the goodwill of the Corporation or reflect negatively on the Marks.”
It goes on, “The sale of a product or service, including an image, which is patently offensive and lacks serious artistic value (such as, by way of example and not limitation, images of nonconsensual sexual behavior, sexual exploitation of a minor, nonconsensual mutilation of a person or body part, and bestiality), or any other material that the Corporation deems unacceptable to sell in connection with a Mark.”
Violations of rule 5.12.7 can result in fines, audits, or companies being dropped by the payment processors.
“Cryptocurrency is only a pyramid scheme and has no real utility!”
Cryptocurrency is a pyramid scheme and has no real utility.
Monero, a decentralized censorship proof cryptocurrency, has no real utility with regard to solving MasterCard’s censorship and only depends on a pyramid of investors to function at all? That is not my understanding.
Yes, most cryptos are treated like pump and dump scams. 99% of usage is like that. Absolutely does not change the underlying utility nor would I recommend “investing” in them.
Monero - the digital token with no real world value, yes. You don’t need crypto to fix this issue. Brazilians can use Pix and would not depend on MasterCard and Visa, and this includes everything from physical purchases to digital storefronts to paying in installments and more. All attached to currency that actually means something and zero crypto bros trying to pump the value up or down on their delusional subreddits.
Pix sounds trivially easy to censor, freeze, or control from the government’s perspective. Unless I’m missing something that makes it easier for the government to censor innocuous NSFW content. And we don’t have anything like it in the US so it’s useless to me.
Monero can be used immediately without storing a balance for longer than a few minutes, although a correlation attack would be trivial like that. But at best it is not subject to market whims any longer than you decide is necessary for your anonymity needs. It’s the perfect case for purchasing NSFW software, where you want the purchase private and uncensored even when it’s perfectly legal. That sounds like an incredible real world value, even after the crypto bros are long gone and the value dumps (imo) 99%. But it’s a tool that needs no real world value.
If the Brazilian government decided to go against the constitution to censor my online purchases like that, buying hentai games would be the least of my concerns. And then it wouldn’t matter if I’m using your fake crypto bro tokens or not.
Of course not. You live in a weird techno feudalism where the government can’t do anything because that’s socialism and the only solutions you trust are some random tech bro dependent crap like CashApp.
Yes, so you agree that Monero has value then, especially in countries like the US?
Nope, I’d rather use seashells than something like Monero. Crypto is got negative value, the time wasted hearing people like you preach about it is never going to be returned to my life.
Seashells would be an upgrade in a country like the US, but failures of your payment systems do not change anything for the inherent value of random online tokens.
Seashells require face to face interaction, they weigh a lot and they are not convenient to obtain. Nor are they fungible or even anonymous. I am not convinced they are better than Monero, or that Monero has no value.
Its used like one.
afaik the least pyramid scheme crypto coin is monero, bitcoin is used almost purely as a speculative asset which is just sad
Bitcoin does have some more utility based proposals but for the foreseeable future, I agree. Most cryptos are like that too.
It’s mostly used like that, but doesn’t mean it has no utility whatsoever.
The other 5% are used for drugs and other illegal stuff. So Yeah it is used for trading but 90% is just scam or investment
Source?