“I don’t view it as payment system player,”
– CEO Alfred Kelly commented to CNBC.
“We at Visa won’t process transactions that are cryptocurrency-based. We will only process fiat currency-based transactions,”
– he continued.
Bitcoin was implemented as an alternative de-centralized currency. But due to its growth, it became a source for making easy money. As bitcoin turnover grows, it has troubles such as high fees, slow transactions and volatile prices.
“My take is that bitcoin is much more today a commodity that somebody could invest in; and honestly, somewhat of a speculative commodity,”
– said Kelly.