American credit-card company Visa has when again revealed its interests for bitcoin at WIRED Money held in London.
Jonathan Vaux, executive director of new digital payments and strategy at Visa Europe, who attended the session on behalf of Visa announced: “The one thing I typically get asked about is bitcoin. I do see … a separation in between the currency and the innovation that sits under it. From the point of view of currency, I think that’s intriguing. As Visa, that’s what we do– we manage currencies.”
Vaux stated Visa is deeply thinking about the blockchain innovation which stands as a foundation of bitcoin as a currency, and recommended that Visa might implement the technology to ease the settlement and transfer of payments.
“Ultimately, what we’re searching for is the innovation and the part parts that we can bring into our platform and into our marketplace, that delivers a richer recommendation,” Vaux stated.
Like many other monetary organizations and establishments, Visa has an interest in recognition, device fraud and digital receipting– which might be referred to as smart contracts on the blockchain and cloud-based innovation to arrange and settle online payments. Vaux explained that Visa will actively look into these locations for its clients and to improve their operations.
Vaux included that Visa wants helping with bitcoin as a currency.
“Like any other currency, although this might not be the very best week to discuss it, at Visa we are really keen to facilitate that translation of currencies on a worldwide basis,” he stated.
Image via WIRED Money
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