Digital currencies are a big stone on the way to the PayPal and VISA!

Digital currencies are a big stone on the way to the PayPal and VISA!
Abstract

Bitcoin and digital currencies, despite their obvious benefits, are rarely used in daily payments. Widespread acceptance among the people is still a fair way, but one analyst believes that the digital currency has the potential to disturb completely for current payment methods.

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Bitcoin and digital currencies, despite their obvious benefits, are rarely used in daily payments. Widespread acceptance among the people is still a fair way, but one analyst believes that the digital currency has the potential to disturb completely for current payment methods.

At the moment, it's unlikely that Bitcoin will make trouble for current payment methods, but we should be careful about that, Lisa Ellis, Independent Moftentansonov Research Analyst, said in an interview with the Bloomberg television network. He explained:

To the extent that it may sound funny, taking care of the digital currency's existential threat that has been accepted globally as a non-branded payment system, and it is worthwhile for operators such as Visa, MasterCard and PayPal. , But it's unlikely that this threat will happen soon.



To better understand this, Ellis added:

Digital currency systems (such as bitcoin, etherium and reepel) are potentially problematic for private payment systems. Their main design features, which are aimed at making money free, are directly contrasted with the characteristics of traditional private payment systems.

He added that solutions for companies such as Visa or Python are likely to replace the digital currency instead of fully accepting it.

Pyybal has the highest payout rate compared to other methods. This is also higher than banks, so it's unlikely that a company with a net profit of more than $ 15 billion last year would allow its customers to use peer-to-peer transactions.



Ellis noted that the banks would eventually join this battle (referring to the JP Morgan currency) in order to simplify their processes.

However, the JP Morgan currency (JPM Coin) is not a digital currency.

This currency is a private and authorized centralized China block under the full control of the bank. The use of any digital currency issued by the bank will have costs that will bring benefits to the bank, not the user.

Everything evolves, digital currency is a global financial evolution, just as the Internet has evolved.

Newspapers certainly did not like that, as Hollywood did not like Netflix, or as computer makers were punished by a smartphone revolution.

Digital currencies are one of the most troublesome technologies currently and are unstoppable.

The question is not whether digital currencies are becoming a serious competitor to payment methods, but rather when it comes to time.

Source: ethereumworldnews

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