27 Jul '15, 7pm

Former Visa Senior VP: Bitcoin is Probably the Biggest Innovation in Fintech

Former Visa Senior VP: Bitcoin is Probably the Biggest Innovation in Fintech

Bitnet is a Bitcoin payment processing company that has raised tens of millions of dollars over the past year, and the team behind this global payments platform has a plethora of experience in the traditional online payments space. Before co-founding Bitnet, CEO John McDonnell was a Senior Vice President at Visa. McDonnell was recently interviewed on the Epicenter Bitcoin podcast, and he shed some light on the serious issues with the current state of the online payments industry. Bitnet Understands the Issues with Online Payments During his interview on Epicenter Bitcoin, McDonnell described the fraud and security issues that lead to the high costs of accepting card-based payments over the Internet. Specifically, McDonnell talked about how Bitcoin could be the solution to “broken” online payments: “The founding team of Bitnet comes from the online payments industry, so we ...

Full article: http://www.miningpool.co.uk/former-visa-senior-vp-bitcoin...

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Former Visa Senior VP Says Bitcoin is Probably the Biggest Fintech Innovation News

Former Visa Senior VP Says Bitcoin is Probably ...

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