A recent Bank of America Merchant Services report has touched upon the subject of Bitcoin as one of the disruptersin the payment processing ecosystem. Quite an interesting announcement, considering the plan is to expand Bank of America Merchant Services to Europe later this year.
Bank of America Merchant Services and Bitcoin
The primary goal for of any merchant services provider is to come up with new ways to make e-commerce more appealing to both consumer and business. This is one of the areas Bank of America Merchant Services is focusing their attention on, together with card-present and card-not-present transaction processing in Europe.
But there is more, as this initiative will help facilitate cross-border services, assuming they can get their clients interested in this prospect. All of these new services will be offered together with all of the existing transaction features. Keeping in mind how Bank of America Merchant Services supports over 130 currencies, tackling the European market seems to be of the utmost importance.