04 Aug '14, 6pm

Visa Exec: Processing Bitcoin Payments is a Possibility

Visa Exec: Processing Bitcoin Payments is a Possibility

Global payments giant Visa earned the ire of the bitcoin community earlier this year when CEO Charlie Scharf stated that he didn’t see bitcoin and its technology as posing a significant threat to its operations. Now, however, new comments from Visa senior vice president of digital solutions Sam Shrauger suggest that the company may be reevaluating bitcoin. In a new interview with The Australian Financial Review (AFR), Shrauger confirmed that while the company is not currently responding to developments in the bitcoin space, it could be well positioned to do so in the future, should circumstances require. Shrauger told AFR: “Visa is not a currency, it’s a network. We can process real or virtual currencies to the extent that it makes sense. So, [facilitating bitcoin payments] is possible but we are not thinking about it today.” Shrauger further explained that Visa has no int...

Full article: http://www.coindesk.com/visa-exec-network-support-bitcoin...

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