Quote from: 1Referee on March 20, 2019, 07:37:32 PM

Another powerful anti crypto weapon Visa has available are lower fees and better service. Right now they don't need to go that far due to their dominance as financial institution, but when you force them to go that far, they will. What has crypto to offer when Visa offers instant settlements and very low fees? Crypto is an answer to how shitty financial institutions are, what answer is crypto when they do exactly what you want?

Sometimes people forgot what visa and banks are, throw them in the same bucket and think bitcoin has the answer for everything. This is delusional and just with the FY attitude towards visa or banks, we won't get far.

Visa is a card payment gateway, and currently doesn't give a damn about cryptos because what they do is intermediate payments, juts like bitpay is doing with coins.
Most if not all shops accepting coins are just having a third party taking care of the exchange, just how they don't care when you use a polish, german, Croatian or Slovak visa when you pay for pizza in ~~Italy~~ France (scratch that stereotype

)

Till know cryptos have done close to 0 steps in trying to act as a threat to visa, moreover there are a lot of companies that have visa cards that you can load with cryptos...takj about the irony here.

Customers will always need this 3rd party unfortunately, they need customer protection, they need to know they can make a chargeback. And this is what's stopping a lot of people from buying directly with BTC, and we have some examples here on the forum, with so many mining gear companies going bust and those that paid in BTC could just pray that something will happen.

BTC is a threat to international payment systems like MG or WU, in those cases for remittance yeah, cryptos are better, but for deals between two business entities that need a ton of paperwork for any cent spent...not yet

Quote from: RodeoX on March 20, 2019, 07:39:00 PM

I just hope they are not entering the "alt-coin" phase of understanding crypto. That is when some executive says "Eureka! We should create our own coin, better than bitcoin, meet VisaBucks!"

Roll Eyes

All that you can hope to go wrong with your prediction is them shouting "Bingo" and calling it "visacoin" or "visamoney".
I'm 99.(9)% sure they will issue a stable coin if they create one.