Alfred Kelly told CNBC in an interview for CNBC that "Bitcoin is not a payment system", claiming that it is a "commodity that people can invest in," he said that Visa will process transactions with money, not cryptocurrency.
A comparison of Bitcoin with Visa is a comparison of a flower with a tree that has coverage in Bitcoin statistics, 100 million transactions and Visa 100 billion a year.
Now you can ask yourself what is better Bitcoin from Visa? When answering this question, you need to explain what cryptocurrencies are for this purpose, I will use the definition of crypto-currency
Cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrency is difficult to forge due to this security function. A feature of cryptocurrencies and probably its most endearing charm is its organic nature; it is not issued by any central authority, which is theoretically immune to government intervention or manipulation.
What is the result of this definition? (A few things I will cite the most important)
- Cryptovaluta is decentralized, which means that no state can manipulate bitcoin.
(The second one will be presented in the form of a photo)
As shown in the figure, Bitcoin does not have any intermediaries, it is one of the main things that distinguish it from Visa and one of the most important, which will contribute to more transactions from a few or a dozen or so years. Now that Visa is trying to weaken Bitcoin recently, Visa has stopped the Bitcoin debit cards, explaining that by quoting "continuous breaking of our rules of operation" one thing is certain that Bitcoin is the future.
I'm sorry for all the mistakes