18th May Beijing-A report by the 21st Century Economic Report reveals that Shi Wenchao, the President of China UnionPay, is very anxious about the rise of Bitcoin. The reason is that he doesn’t know when the Bitcoin technology or relevant product would deliver lethal blow to payment processors like UnionPay, VISA or other institutes. Meanwhile, Li Yang, Chairman of the National Finance and Development Laboratory and committee member of the Chinese Academy of Social Sciences, says that the rise of bitcoin is abnormal. They express their concern on the release meeting of China Payment and Settlement Industry Report 2017 by the Payment and Clearing Association Of China (PCAC).
http://news.8btc.com/president-of-unionpay-anxious-about-the-rise-of-bitcoin
Topic: [2017-05-23]President of Unionpay Anxious About the Rise of Bitcoin (Read 5097 times)
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