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Title: BITPAY puts the major credit cards in its sights Post by: _smudger_ on May 20, 2014, 01:01:28 PM http://cryptocrimson.com/2014/05/bitpay-puts-major-credit-card-providers-sights/
In an interview with CNBC, BitPay’s CTO, Stephen Pair revealed that the company is persistently working to replace major credit card companies such as Visa and MasterCard. Pair hints that the security provided by credit cards, which he points out were designed in the 1950′s, in respect to identity protection and fraud is simply obsolete. ... While BitPay is currently adding between 500 and 1,000 merchants every single week, the company is seeing unprecedented growth. With widespread bitcoin adoption becoming an increasing topic of discussion, Pair expects to see major merchants accepting the digital currency “a lot sooner than people imaging today” adding that “many of them are looking at it already.” Title: Re: BITPAY puts the major credit cards in its sights Post by: Ron~Popeil on May 20, 2014, 01:20:21 PM The snowball effect is going to be fun to watch. These are exciting times we live in.
Title: Re: BITPAY puts the major credit cards in its sights Post by: zeetubes on May 20, 2014, 01:32:00 PM They will probably be the first BTC company to IPO.
Title: Re: BITPAY puts the major credit cards in its sights Post by: IIOII on May 20, 2014, 01:49:21 PM While BitPay is currently adding between 500 and 1,000 merchants every single week, the company is seeing unprecedented growth. With widespread bitcoin adoption becoming an increasing topic of discussion, Pair expects to see major merchants accepting the digital currency “a lot sooner than people imaging today” adding that “many of them are looking at it already.” That's a pretty decent growth rate! I think that merchant growth is already self-sustaining even without any further marketing efforts. If any big names enter bitcoin growth will accelerate very fast. However credit card companies are still not out of the game - they have a lot more capital in background and well established brands. Title: Re: BITPAY puts the major credit cards in its sights Post by: Mr Tea on May 20, 2014, 01:56:12 PM The snowball effect is going to be fun to watch. These are exciting times we live in. Yup. I bet cc companies are getting a bit scared by all of this. |