Visa, the largest credit card company in the world, is considered to be hostile towards the Bitcoin. It would seem that a provider of mainstream financial services should look unkindly anything that threatens its hegemony. Publicly, however, the company had no comment to make on the Bitcoin, preferring to focus on issues falling within its own domain.
Below for further details regarding this interview :
In an interview with CNBC Wednesday, the company’s CEO has broken his silence, saying in a predictable way that the Bitcoin is not a payment system.
The words of the CEO of Visa
In an interview, recorded at the conference of the National Retail Federation in New York, the CEO of Visa was asked about the Bitcoin. He said that he does not consider this technology as a payment system. For Visa, they do not deal with the transactions related to crypto-currencies, he said. They only process the transactions based on currencies fiat, has added the CEO of Visa.
Source : Pixabay. The position of the CEO of Visa compared to the Bitcoin.
This corresponds to the shares of the subsidiary of Visa, Wavecrest, which has stopped the debit card services to dozens of companies operating in the field of digital currencies in Europe. At the time, Visa has denied that the threat posed by the crypto-currency was important. The company has stated categorically that the irregularities of the part of the customers of Wavecrest. Visa said that the card cryptographic had been suspended due to continued non-compliance of their rules of operation.
The Bitcoin as a financial asset
The CEO of Visa stated that according to him, Bitcoin is a lot more today as an asset in which a user may invest. He viewed it as a product of speculation. Given that the Bitcoin has become unusable for day to day shopping, this is an argument that has merit.
While Altcoins such as Bitcoin Cash can be used for micro payments, the market of crypto-currencies as a whole has not yet threatened the supremacy of Visa.
Source : NewsBitcoin