Visa Declined to Process Cryptocurrency Transactions

Suzette Paulsen

Suzette Paulsen

January 20, 2018 6:10 am

Visa Declined to Process Cryptocurrency Transactions | Coindelite News
11192 Total Views

The cryptocurrency transactions have been declined by Visa

Visa CEO was recently interviewed and in his interview, he mentioned that visa will no longer process any cryptocurrency Transactions

Visa CEO Alfred Kelly told:

“Our company would not process any transaction which is cryptocurrency-based, and will only entertain fiat currency-based transactions.”

Reacting on January 17 to an inquiry regarding cryptocurrency in general and Bitcoin specifically, Kelly disclosed that because of bitcoin’s inconsistent value fluctuation, the digital resource does not as of now qualify as a “payment system player.”

He additionally said, the cryptocurrency that it is at present little more than “a product that some person could put resources into, and genuinely somewhat of a speculative commodity.” Today, a couple of merchants acknowledge cryptocurrency standards as a form of payment.

Value fluctuation, in any case, numerous crypto faithful have predicted that at least some cryptocurrency assets may become stable enough in value to fill in as a medium of exchange, at times joyfully theorizing that these advantages may some time or another make major money related foundations obsolete. Others in the space trust that regardless of whether cryptocurrency, in the long run, overshadow fiat currencies being used volume, financial giants will discover approaches to stay relevant.

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Swiss – FINMA Regulate ICOs and Publish Guidelines

Guidelines Published by the Swiss Financial Market Supervisory Authority for ICO Organizers. The Swiss Financial Market Supervisory Authority (FINMA) has published a press release regarding how it plans to apply financial market legislation in handling queries from the ICO organizers. The post also describes the information FINMA requires for dealing …

Spain to Become Next Cryptocurrency Hub After Swiss

Spain is going to Legalize Cryptocurrency after Swiss Recently Rolled out Guidelines for ICOs While other European countries attempt stricter regulations on cryptocurrencies, Spain seems to be following Switzerland’s initiative ahead by proposing crypto-friendly legislation. Spain on the Blockchain Spanish Prime Minister Mariano Rajoy’s People’s Party is all set to …

Indian Investors Forced to Buy Cryptos Abroad; as the Govt. Pull Strings

Cryptocurrency Regulations Tightened in India; People are looking to Buy Cryptocurrencies Abroad. Since cryptocurrency regulations are becoming more efficient in India, a new trend has begun in the country by acquiring cryptocurrencies from overseas, either from relatives, friends or with abroad accounts. Increased Regulations Indians are looking forward to buying …

-->

Pin It on Pinterest

Shares
Share This