30 Jan '14, 6pm

Visa CEO Doesn't See Bitcoin As Business Threat

Visa CEO Doesn't See Bitcoin As Business Threat

Visa CEO Charlie Scharf offered his opinion of bitcoin and other emerging virtual currencies on 30th January in a conference call discussing Visa’s first-quarter fiscal earnings. “There are certainly some interesting things about bitcoin and other things like it, but there are also a great deal of complexities,” Scharf said The 48-year-old payment company head went on to state that more traditional payments systems are safer for consumers as they have “established network rules” and an “understanding of how things operate”. Perhaps most notably, Scharf suggested that Visa is not actively monitoring the bitcoin space. “We feel quite comfortable with the business we have here,” Scarf said. Scarf further said Visa and more traditional payments companies better understand who the participants in transactions are, and are in a better position to serve the market as they work wi...

Full article: http://www.coindesk.com/visa-ceo-bitcoin-threat/

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