Quote from: OSYA on October 28, 2018, 03:33:45 AM

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

It is worse for Visa if they will not support a bitcoin, less business for them. Most probably they don't see a crypto potential or just don't want to support it as they are scared of competition. It is a big loss for them.

The company seems to be under the auspices of the government, so it is difficult to accept crypto payments, but it has become its policy and this is nothing to blame. Indeed they do not understand the crypto that they see is only one eye, but that is what happens, and we must appreciate it.