Credit Card Issuers and Acquirers Face Risk From Bitcoin
A securities affiliate of Spanish banking group Banco Santander is predicting bitcoin will have a significant impact on the legacy finance ecosystem should it see wider adoption.
The report, published earlier this week, stems from a meeting involving Santander researchers, Santander Investment Securities, Brazilian bitcoin brokerage Mercado Bitcoin and local investors. While short, the publication offers a take on the risks (or opportunities) card issuers, acquirers, exchanges and banks would face in a future should the use of digital currency become more mainstream.Perhaps most at risk, according to the report, are the card issuers and acquirers.
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I doubt bitcoin will be adopted because the network is already operating at full capacity. But another cryptocurrency definitely could do this.