Visa CEO: cryptocurrency isa complement to existing payment systems, not a competitor

During a question-and-answer session at jpmorgan chase & co. 's annual tech conference, Visa inc. CEO Alfred f. Kelly acknowledged that cryptocurrencies are a complement to its existing payment system, not a competitor, beats beat said.

J.p. Morgan analyst tien-sine Huang asked Visa about the company's overall strategy for digital and currency stability. Alfred f. Kelly responded that a digital currency backed by fiat money is a very real and promising emerging payment technology. We actually think that digital money can be used as a supplement to the payments ecosystem, rather than any form of substitute or negative thing.

Alfred f. Kelly added: "Visa currently trades in 160 different currencies around the world, and there is no reason not to include cryptocurrencies as part of that."

Source:https://beincrypto.com

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