Payments Giant Worldpay is Quietly Supporting Bitcoin

worldpay, money20/20

Does Worldpay support bitcoin and the blockchain?

The answer, according to senior vice president Chester Ritchie, depends on how you frame the question. Today, the £3.6bn payment processor isn’t doing anything internally with digital currency or the blockchain, he says, but like many payment services companies, it is interfacing with the industry in an effort to best serve merchant clients.

“I don’t know how public it is,” Ritchie tells CoinDesk at Money20/20 in Las Vegas. “We do have partners that are doing something in their solution for bitcoin.”

Ritchie said that bitcoin startups such as BitPay and Coinbase already plug into Worldpay’s payment gateways, through which small and large businesses can accept a variety of payment methods, from credit cards to boleto payments to bitcoin.

As for his personal feelings toward the technology, Ritchie believes it “remains to be seen” whether bitcoin and the blockchain, the digital currency’s distributed ledger, can be leveraged to foster changes in Worldpay’s business model or the wider payments industry.

For one, Ritchie acknowledges that the technology is becoming more widely thought of as a database or asset management innovation. Also, he believes that the industry has gradually moved toward these

Read more ... source: TheBitcoinNews