Quote from: Xester on May 04, 2018, 01:10:36 PM

Quote from: First77 on January 20, 2018, 01:09:35 AM

The largest cryptocurrency, bitcoin, is a commodity and not a payment system, according to Visas chief executive. Visa will also not give bitcoin or other cryptocurrencies a platform for wire transfers and exchanges. I don't view it as payment system player, CEO Alfred Kelly told CNBC.

We at Visa won't process transactions that are cryptocurrency-based. We will only process fiat currency-based transactions, he added. Visa is the world's largest credit card company.

Bitcoin was originally created as an alternative de-centralized currency. However, with its 2,000 percent growth last year, it has become a source for speculators to make a quick buck. As bitcoin turnover grows, it faces problems like high fees, astoundingly slow transactions and volatile prices.

https://www.rt.com/business

What the Visa Company said was true. Actually bitcoin right now is not yet functioning truly as a currency. And it is also true that the majority of bitcoin holders are treating bitcoin as a commodity rather than as a currency. But sooner or later bitcoin will be treated as a currency, and right now we are slowly walking on that path. It maybe will take years but we will reach that goal.

Their statement is obviously economical with the truth because at the end of the day, their main reason for not wanting to support Bitcoin is because they know it's unlike other competitors and doing so would actually mean an endorsement. Just like I won't expect to find a Benz in a BMW show room!