Visa’s Become Less Adamant on BTC: Might Adapt to Crypto-Systems

post image

In a short-run, Visa does not see any jeopardy in digital coins. At the same time, the financial services titan wants to be ready to embrace cryptos when the time comes. This is what the company’s top exec Alfred Kelly announced this week.

The Wind of Change? Visa May Adapt to Cryptos

On October 25, Alfred Kelly spoke to CNBC regarding Visa’s attitude toward virtual money. Unexpectedly for some, the company’s CEO argued they do not see cryptos as their threat, at least in a short term. However, the payment cards giant might adopt cyber-money-related systems once these currencies become more established. Before that, Kelly stated:

Our top trading bots

"I think there has to be some market that it becomes somewhat like a fiat currency in order for us to be comfortable.»

Concerning the «establishing» part of cryptos, Kelly singled out that Visa might leap onto cyber-money bandwagon only if bitcoin and its brethren shift to being genuine payment instruments. At the moment, Kelly emphasized, they are predominantly commodities.

Once this happens, Visa will «go there» because the giant is eager to be in the epicentre «of every payment flow in the world regardless of how it happens or what the currency is behind it,» explained the company’s CEO.

It is recalled that this year January Kelly was less bullish regarding cryptos. He was adamantly stating he did not see bitcoin and its ilks as a payment system and that Visa would not process crypto-based transactions.

Some days before that the financial company banned a range of European cards, issued by crypto-services providers, including Tenx, Bitwala, and Bitpay. At that time Visa was accusing the companies of not complying with its membership regulations.

Report: Leaders of South Korean Crypto Exchange Komid Face Jail After Fraud
This week the Asian crypto-market has been rich in the news. Earlier it was reported that Japan finally approved Coincheck’s official status as cyber money...
Increased Supply of Altcoins Will Depress Bitcoin, Says St. Louis Fed Report
As it is known, crypto-supporters (bitcoin bulls) widely believe that the increase in the capped supply of all cyber-coins will boost bitcoin’s value to...
Bitcoin or Altcoins? Which Coin Is The Most Adopted As Money
Adherents of the traditional financial world rarely think heavens of virtual money. The cyber assets often get criticized for their volatile nature and...
Experts Warn Investors on 10 Funds That Indirectly Expose Clients to Blockchain
As blockchain and cyber assets are gaining momentum, still lots of people find it challenging to get exposed to them. However, financial firms have already...
“Wolf of Wall Street” Belfort Calls People To Stay Away From BTC Not to Lose Money
Bitcoin’s price doesn’t depend on anything else apart from people’s expectations of it. This is the opinion of one of the world’s former speculators Jordan...
New Crypto Hanacoin to Be Launched on June 12
As the world is expecting four countries – South Korea, North Korea, the US, and China – to fashion a peace agreement at their Singapore meeting, new crypto...
20% Of Banks And Hedge Funds Are Interested in Trading Cryptos – Survey
Despite hazardous fluctuations, which have been shaking up the word of cryptos, bitcoin and its brethren have all the chances to succeed in 2018. The thing...
Google to Ban Crypto Ads in A Few Months
The tech titan Google is taking a hardline stance on advertisements which promote cryptos and its brethren. The restrictions are to take place already in...
Thomson Reuters Uses AI to Reveal People’s Fears Over BTC & Helps Investors
On March 12, the Canadian multinational information firm Thomson Reuters established what crypto investors have been dreaming of. And that’s a novel BTC...
SETI: Crypto-enthusiasts Hinder The Search For Aliens
The scientist of the Institute for the Search for Extraterrestrial Intelligence (SETI) said that the "cryptocurrency fever" and the popularity of mining...
Coinbase US Clients Can No Longer Add Credit Cards As a Payment Option
Digital assets trading venue Coinbase is making the life of crypto enthusiasts more “interesting.” Not long ago its users were informed about the fact that...
Top-5 Changes That Blockchain Can Bring in 2018
The previous year was quite positive regarding adopting blockchain technology as database and tech giants were moving forward in this sphere. Among them,...
MoneyGram and Ripple Announced a Partnership
American corporation MoneyGram, one of the largest providers of international money transfers, has sighned a partnership agreement with Ripple.What For?According...
TRON Became The Top-10 Cryptocurrency In Six Months.
TRON CEO Justin Sun created not a unique, but a breakthrough platform for content exchange based on the blockchain.The system will be free and accessible...
ECB Officials See a Threat in Bitcoin Futures, Call for Tax on BTC
Today bitcoin is met with open arms by ordinary Joes who want to make fortunes quickly as well as by giant stockbrokers, who dream of adding its futures...