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    Author Topic: BITPAY puts the major credit cards in its sights  (Read 4224 times)
    _smudger_ (OP)
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    May 20, 2014, 01:01:28 PM
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    http://cryptocrimson.com/2014/05/bitpay-puts-major-credit-card-providers-sights/

    In an interview with CNBC, BitPay’s CTO, Stephen Pair revealed that the company is persistently working to replace major credit card companies such as Visa and MasterCard. Pair hints that the security provided by credit cards, which he points out were designed in the 1950′s, in respect to identity protection and fraud is simply obsolete.

    ...

    While BitPay is currently adding between 500 and 1,000 merchants every single week, the company is seeing unprecedented growth. With widespread bitcoin adoption becoming an increasing topic of discussion, Pair expects to see major merchants accepting the digital currency “a lot sooner than people imaging today” adding that “many of them are looking at it already.”

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