What Do MasterCard and Visa Think About Bitcoin?

It took more than five years, but big payment processors like Visa, MasterCard, and American Express are showing interest in bitcoin.

In September, Visa—along with Citigroup


and Nasdaq


—invested in Chain, an enterprise platform for developers to build on top of the blockchain, the public ledger that records all bitcoin transactions. In October, American Express invested in Abra, a bitcoin app focused on remittances, and MasterCard invested in the Digital Currency Group, which includes a portfolio of virtual currency companies overseen by Barry Silbert, the founder of SecondMarket.

It was MasterCard’s


first investment in any kind of digital currency business, and a MasterCard spokesperson says the company’s thinking is that DCG is “well placed to assess technologies in the digital currency and Blockchain spaces.” As for Visa

Read more ... source: TheBitcoinNews