[2015-07-30]CCN-VISA CAUTIOUS ON THE BITCOIN BLOCK CHAIN

[tolikkk]

According to a recent article, Visa is aiming to maintain its dominance one way or another. Collab, an arm of Visa Europe, is investigating Bitcoin-oriented companies that could disrupt their business model ultimately. Visa is not against ultimately updating its methods to remain competitive if other technologies such as Bitcoin come along and accomplish the same task, only cheaper.

https://www.cryptocoinsnews.com/visa-cautious-bitcoin-block-chain/

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[fancy_pants]

Apparently banks and processors get free PR for doing nothing more than mentioning the word bitcoin.  I guess it's a good thing.

[gogxmagog]

It is an elaborate FUD scheme. Visa MC et al will mention BTC, say they are interested, then back pedal, causing the uninformed average consumer to think.... "hmmmm VISA looked at these magic internet monies, and they are obviously really smart, and they saw something they dont like, so that settles it! BTC is bunk!"

kinda a bait n switch, a fake-out. "yeah, we studied BTC really hard and y'know what? NOPE!"

that combined with the fact that they probably actually did take a good look and said to themselves...we like blockchain, but we want it with a coin WE control..." then they realized that their self-mined visa coin would never be sustainable.

either way, they smell desperate.

[gentlemand]

Apparently banks and processors get free PR for doing nothing more than mentioning the word bitcoin.  I guess it's a good thing.

Yup. They should be forced to make 1000 coin buys every time the word slips out their mouths. And 100,000 coin buys if it's only 'blockchain'.

It's interesting how different Visa's attitude has been compared to Mastercard. It's either been silent or people on the fringes have been positive. They might come up with some surprising integration.

[randy8777]

visa and mastercard are silent bitcoin lovers, but in the media they seem to be dislikers. says enough. banks and other financial companies don't like to lose their so loved control.

[LiteCoinGuy]

just join the BTCblockchain - welcome