Visa CEO: Bitcoin is Not a Payment System: Visa, the world’s largest credit card company, is widely regarded as being hostile to Bitcoin. It would seem intuitive that a traditional financial provider should look unkindly on anything that threatens its hegemony. Publicly, though, the company has had very little to say about Bitcoin, preferring to focus on matters within its own domain. In a CNBC interview on Wednesday, the corporation’s CEO broke his silence, opining – predictably – that Bitcoin is not a payments system.
Legacy Finance Meets Future Money
In an interview on Wednesday, recorded at New York’s National Retail Federation conference the previous day, Kelly was pressed for his thoughts on Bitcoin. “I don’t view it as payment system player,” said the CEO. “We at Visa won’t process transactions that are cryptocurrency-based. We will only process fiat currency-based transactions.”
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