CRYPTOCURRENCY

Visa can start a war against Bitcoin?

visa vs bitcoin
 Visa’s chief executive states that Bitcoin is a product, not a currency. Visa is againts providing any cryptocurrencies a place for wire transfers and exchanges.

“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.

 

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blockchain, ICO, bitcoin, ethereum, mining

CRYPTOCURRENCY


Visa can start a war against Bitcoin?

Published by blockchain, ICO, bitcoin, ethereum, mining