Topic: [2014-08-20] Industry Chief: Payments Firms Warming to Bitcoin Partnerships (Read 680 times)
August 20, 2014, 04:15:29 AM
this kind of news is bigger than most people think in my view.
August 20, 2014, 02:48:11 AM
http://www.coindesk.com/industry-chief-payments-firms-warming-bitcoin-partnerships/
Due to bitcoin’s perceived benefits as a more efficient and less costly alternative to traditional payment options, many in the digital currency industry view incumbent payment service providers as antiquated competitors – firms that will be disrupted out of business when the technology matures.
Now, at least one notable payments industry trade association indicates that its members may be recognizing that bitcoin possesses this disruptive potential, and that this may soon lead to a rise in partnerships between traditional electronic payments providers and bitcoin startups.
Due to bitcoin’s perceived benefits as a more efficient and less costly alternative to traditional payment options, many in the digital currency industry view incumbent payment service providers as antiquated competitors – firms that will be disrupted out of business when the technology matures.
Now, at least one notable payments industry trade association indicates that its members may be recognizing that bitcoin possesses this disruptive potential, and that this may soon lead to a rise in partnerships between traditional electronic payments providers and bitcoin startups.
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