Bitcoin’s reputation needs a makeover. Russell Moore, Director of Innovation at TSYS, sat down with PYMNTS to offer new thinking on the dark reputation that’s attached itself to the bitcoin name.
Russell Moore, Director of Innovation at TSYS, agrees that it’s been misused in a myriad of ways, but feels that bitcoin and other cryptocurrencies offer merchants the chance to view payment processing in a new way. He gives PYMNTS a different take on the use of cryptocurrencies in payments.
PYMNTS: What is the biggest misconception about bitcoin and digital currencies in terms of the payments processing perspective?
RM: That bitcoin is a dark currency that it is only used for elicit purchases. Thousands of merchants accept bitcoin payments