Bitcoin and cryptocurrencies are often derided for their inadequacies compared to the giant traditional payment systems Visa, Mastercard, and PayPal, but an eventual challenge from bitcoin and crypto to the incumbents is not impossible...
MoffettNathanson analyst Lisa Ellis wrote in a note to clients. BloombergIn the developed world there is currently little benefit to accepting bitcoin or other cryptocurrencies over traditional forms of payment.
The networks that Visa and Mastercard use process thousands of transactions per second, with the capacity to process far more. In comparison, the bitcoin network takes around 10 minutes to confirm a single transaction while ethereum needs some 15 seconds.
“Cryptocurrency systems are potentially disruptive to private payment systems,” Ellis said."Their core design characteristics—which are aimed at enabling ‘freedom of money’—are in direct contrast to the characteristics of most traditional, private payment systems." Meanwhile, banks and payments processors could offset this risk by adopting crypto and blockchain technologies, Ellis advised. U.S. bank J.P. Morgan last month made waves with the announcement of its private cryptocurrency JPM Coin,The bitcoin price rose sharply in 2017 but has since fallen back. Mainstream adoption could send it higher again.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
PayPal Makes Portfolio Visibility Pay Off With SmartsheetWith Smartsheet, Cowley’s team goes straight to their system of record, and looks at dashboards that read directly from that system of record. The data they’re reading is pulled directly from the project plan, giving them an unvarnished view into reality.
Baca lebih lajut »
Why don't all retailers accept Visa, American Express, Discover, Mastercard credit cards?There are two main reasons businesses might choose not to accept a particular type of credit card, or none at all: fees and partnerships.
Baca lebih lajut »
Kroger expands ban on Visa credit cards to Smith's Food & Drug stores in 7 statesKroger, which last year banned Visa cards in its Food Co. stores, is expanding its ban to Smith's Food & Drug Stores in seven states.
Baca lebih lajut »
Don’t Count on Visa and Mastercard Winning in ChinaInvestors should restrain expectations in a market where plastic is locked up by a state monopoly, and rapidly being superseded by mobile payments from online ecosystems
Baca lebih lajut »
US imposes more visa restrictions and sanctions on Venezuelan officialsCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Baca lebih lajut »
Second Kroger Unit to Stop Accepting Visa Credit CardsKroger’s Smith’s Food & Drug, which operates 142 supermarkets and 108 gas stations across seven states, said it would stop accepting Visa credit cards on April 3
Baca lebih lajut »
EU weighs new rules on payments in challenge to Visa, MastercardThe European Commission is considering new rules to speed up the take-up of an i...
Baca lebih lajut »
U.S. denied tens of thousands more visas in 2018 due to travel ban: dataThe U.S. State Department refused more than 37,000 visa applications in 2018 due...
Baca lebih lajut »
Saudi sisters trapped in Hong Kong seek visa extension as they scramble to secure safe havenTwo women who fled Saudi Arabia for Australia, only to become trapped in transit in Hong Kong, are seeking a last minute visa extension from the city's authorities as they try and secure a more permanent refuge
Baca lebih lajut »