[2015-07-30] Visa Cautious on the Bitcoin Block Chain

[tyz]

According to a recent short article, Visa is aiming to keep its prominence somehow. Collab, an arm of Visa Europe, is investigating Bitcoin-oriented companies that might interrupt their company design ultimately. Visa is not versus ultimately upgrading its techniques to remain competitive if friend technologies such as Bitcoin come along as well as achieve the exact same activity, only less costly.

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

[Kprawn]

Let's not fool ourselves... they are shitting bricks and they are not willing to admit that "the blockchain" is a mayor threat to their business model.

It would be better for them to befriend the enemy and incorporate it's technology like the other financial institutions are doing now, other wise they will loose the advantage they have now.

MasterCard has already geared it's operation towards offerings for a competing technology, and they should do the same. The product they offer are "out of date" and not geared to the needs for the internet

consumer. Adapt or Die... We have seen this in the past. 

[Denker]

Adapt or die.That's what it's all about. The sooner the better for them. If they ignore this technology they might die faster as they ever could believe.

[medUSA]

Credit card is still the king of brick and mortar stores. No payment system can rival Visa and Master Card. It's their online payments market share they are extremely worried about. Visa is particularly vulnerable because they are a bit behind Master Card on the bitcoin front. All of the bitcoin debit cards available are from Master Card and I have yet to see one by Visa.

Collab, an arm of Visa Europe, is investigating Bitcoin-oriented companies that could disrupt their business model ultimately

I think they wish to seek out bitcoin startups with potential and buy them out. Visa has so much money, they can afford to buy any new  threats out there. They can choose to incorporate the new company into Visa or destroy the new company. The important point is not let Master Card or any other new entrants have a sound payment system that could "disrupt their business model".