VISA and Mastercard make it harder to buy Bitcoin and other cryptocurrencies

Sometime in the last week Bitcoin investors started noticing additional fees on their bank statements. It turns out that VISA and Mastercard both decided (how convenient!) to reclassify the way Bitcoin and other cryptocurrency purchases are processed on their networks. Incidents like this pose several …
Google Alert – bitcoin

Visa CEO: Bitcoin is Not a Payment System (news.bitcoin.com)

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.

Bitcoin

Visa CEO: We won't process transactions in bitcoin, because it's not a payment system

Bitcoin, the world's largest cryptocurrency, is not really money and Visa won't touch it, the credit card giant's CEO told CNBC. "I don't view it as payment system player," Alfred Kelly said in an interview recorded on Tuesday at the National Retail Federation conference in New York City. Despite the …
Google Alert – bitcoin