First Paypal and now Visa

Visa CEO, speaking at Q1 earnings call, looks very positively at adding Cryptocurrencies as payment mechanisms. A full transcript of his comments here. About a two minute and four minute read respectively.

Comment: many attribute the recent surge in Bitcoin’s price to Paypal, who now allow US resident users to buy or sell via their platform. Logically, if Visa — already embracing Bitcoin to some extent — moves to more fully embrace Cryptocurrencies, we’re likely to see another surge. And considering the size of Visa’s global payments network, this bump in prices could be equally as large.