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Author Topic: Visa: Bitcoin Has a Future in Payments  (Read 561 times)
interbtc (OP)
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July 10, 2015, 12:03:14 AM
 #1

http://www.coindesk.com/visa-bitcoin-has-a-future-in-payments/
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Possum577
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July 10, 2015, 01:00:17 AM
 #2

interbtc, what's your take on Visa's point of view on bitcoin?

I think Visa has known for a long time that bitcoin has a future in payments, however they've been waiting until theirs was enough irreversible momentum and other champions of bitcoin in their market before coming out and admitting it themselves. Why announce the legitimacy of a competitor until they really need to, right?

Probably the most shocking part about this statement is that the announcement is an insult to bitcoin and makes Visa look foolish. Bitcoin doesn't have a future in bitcoin because the future is here...bitcoin is a player in payments. There's only growth from here.

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July 10, 2015, 01:04:13 AM
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This whole article shows Visa is worried for it's business in the future.
Their press representative is dyslexic  Roll Eyes
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July 10, 2015, 01:38:09 AM
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This whole article shows Visa is worried for it's business in the future.
Their press representative is dyslexic  Roll Eyes

At lease Visa has acknowledged that Bitcoin presents a radically new way of transferring money.
Banks are still in denial mode.

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July 10, 2015, 03:06:10 AM
 #5

What about citicoin? lolololol

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July 10, 2015, 03:19:45 AM
 #6

Check this one "Future of Financial Services" written by bank industry, positive on Bitcoin! https://bitcointalk.org/index.php?topic=1111229.msg11820416#msg11820416!
They are related. You guys can have a look!

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July 10, 2015, 03:21:15 AM
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It looks like a little trouble with their business.
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July 10, 2015, 03:21:22 AM
 #8

This whole article shows Visa is worried for it's business in the future.
Their press representative is dyslexic  Roll Eyes

Why is that?  I solely use two Visa credits card and I would love to make a credit card statement payment with bitcoin.  Smiley

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July 10, 2015, 03:26:57 AM
 #9

Yes, bitcoin do have a future in payments, but the problem on block size should be solved before this! Like the recent spam attack, and they make many transactions paying normal fees takes hours to confirm, some paying less fees even don't confirm for days (like my transaction Sad)

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July 10, 2015, 03:33:23 AM
 #10

Bitcoin has a future in payments, but only if that payment begins with a paycheck. Visa is worried that the Bitcoin community might possibly figure that out and begin lobbying companies to offer wages in Bitcoin. That's the real worry, that somehow bitcoiners discover the holy grail.
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July 10, 2015, 05:30:48 AM
 #11

i see visa worried with bitcoin, just need a time to all people in this world accept bitcoin as a payments. because bitcoin is the future

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July 10, 2015, 05:50:58 AM
 #12

Do not be fooled by these statements... It's all about market share and competition to gain the edge over the competitor.

http://www.nilsonreport.com/publication_chart_and_graphs_archive.php

They are interrested in the blockchain technology, to improve their service and to gain a bigger share of the market. Once this has been accomplished, they would dominate and crush the competition.

The Blockchain is a ripe fruit to pick, and there are nobody who can stop them, because nobody claims the tree.  Angry

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July 10, 2015, 06:12:09 AM
 #13

Quote
As Visa, that's what we do – we manage currencies.

MasterCard is totally butthurt but Visa sees the chance Wink.
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July 10, 2015, 06:42:35 AM
 #14

The title is misleading, the actual article has little to do with bitcoins. It mainly talks about startups and happens to mention bitcoins. It easy to say that bitcoin has a future in payments, now when it already has a place in payments.
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July 10, 2015, 07:31:09 AM
 #15

What about citicoin? lolololol

they cannot care about a thing that is not giving nothing new, and it's still centralized like their own system, it's basically like talking about mastercard their biggest competitor, i think they hate them more than bitcoin, probably because bitcoin is not considered a threat yet...
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