The general director of the global network of electronic payments Visa Alfred Kelly said that he does not consider bitcoin currency, and therefore does not plan to have anything to do with him.
“I do not consider bitcoin as a player in the payment system market. VISA will not process transactions based on crypto currency. We will work only with the currencies of the currency,” Kelly said.
The fact that representatives of the payment system will be so categorical in relation to digital currencies could be foreseen, given the recent blocking of Visa debit cards of the WaveCrest payment platform, which operates with bitcoins like BitPay, TenX, Bitwala and Wirex.
True, representatives of the payment company then stated that the reason for the termination of the service was “continuing non-compliance with the rules of work” and assured that this step is not connected with the campaign against the development of the crypto currency.
“Bitcoin, for the time being, is akin to commodities with a speculative purpose. Personally, I do not see in it anything more than ordinary speculation,” Kelly added.
And in response to the assumptions in the network that the categorical position of Visa is connected with the fear of competition of crypto currency, Kelly said:
“Processed 130 million transactions per year do not mean anything for the company, which is capable of processing 100 billion payments and transactions. Whatever the bitcoin, it’s too premature to say that Visa can somehow regard it as an equal opponent.”
Undoubtedly, the words of the head of the corporation are due to concern for the protection of her interests. The crypto-currency market does not yet threaten the activities of such a giant as VISA, but will this state of affairs continue in the future? Time will tell…
