Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
(Kitco News) – Using cryptocurrencies like bitcoin to make a transaction could become as commonplace as a credit card, according to the world’s largest cryptocurrency payment processing company.
In a recent interview with Yahoo News, Jason Butcher, CEO of CoinPayments, said that he sees similarities between the adoption of bitcoin and the use of credit cards.
“Many people didn’t have credit cards initially, and many businesses didn’t accept credit cards because they just didn’t know; they weren’t familiar with it; they didn’t trust it,”he said in the interview. “Today, as you know, most places around the world accept credit cards as a form of payment and I believe that crypto is starting to get there. There is an education process; there is an adoption phase; there is more…