[2014-12-11] NYT: American Express Chief Sees Potential in Bitcoin’s Technology

[panju1]

American Express Chief Ken Chenault Sees Potential in Bitcoin’s Technology

http://dealbook.nytimes.com/2014/12/11/american-express-chief-ken-chenault-sees-potential-in-bitcoins-technology/?_r=0

"The reality is, we compete with any form of payments” Mr. Chenault said on Thursday at the DealBook conference in Manhattan.”Everyone focuses on the displacement of Bitcoin and the credit card industry.”

But, he added, “there’s a reason credit cards were invented.” In particular, he said, people want the ability to defer payments.

Still, Mr. Chenault said he saw promise in Bitcoin’s underlying technology. “The protocol of Bitcoin is going to be important,” he said.

[LiteCoinGuy]

Still, Mr. Chenault said he saw promise in Bitcoin’s underlying technology. “The protocol of Bitcoin is going to be important,” he said.


correct - and bitcoin as fuel too you moron 

[LiteCoinGuy]

Video:

http://video.cnbc.com/gallery/?video=3000338527