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 …
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Billionaire Tilman Fertitta: Bitcoin's here to stay, but a lot of people won't buy in until it's insured

For billionaire restaurateur Tilman Fertitta, the rise of cryptocurrencies like bitcoin has striking similarities to the dot-com bubble of the late 1990s. "I think it's here to stay," the founder and CEO of Landry's told CNBC's "Power Lunch" on Thursday. "It's no different than anything new. Everybody forgets that …
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Most economists think bitcoin won't bring down the global economy—yet

Visa can process 47,000 transactions a second, compared to the seven-transactions-a-second processing power of bitcoin. Economists Jonathan Chiu and Thorsten Koeppl found that when they modeled bitcoin behavior (pdf) with one of the most common economic models, bitcoin was 450 times more …
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Data Sheet—Artificial Scarcity of Bitcoin Won't Justify Its High Price

Will there ever be peace in the Middle East? How many days can I honor my New Year's resolutions? Is Bitcoin's rise more than an ephemeral rush? These are the existential questions of our age. I took the last one directly from a fine cover story in the new issue of Fortune by Jen Wieczner and Robert …
Google Alert – bitcoin