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Bitcoin is Not a Payment System says Visa CEO

Visa, the world’s biggest credit card company, is generally viewed as being threatening to Bitcoin. It would appear to be natural that a conventional monetary supplier should look unkindly on anything that debilitates its administration. Openly, however, the company has had next to no to say in regards to Bitcoin. In a CNBC meet on Wednesday, the company’s CEO said that Bitcoin isn’t a payment system.

Visa CEO in an interview said:

I don’t view it as payment system player, We at Visa won’t process transactions that are cryptocurrency-based. We will only process fiat currency-based transactions.”

Source: News.Bitcoin.com

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