Visa CEO says he’s smart enough to invest in Bitcoin now
During a conversation with Fortune CEO Alan Murray on the “Leadership Next” podcast, Kelly stated that cryptocurrencies could become “extremely popular” in the next five years.
While not ruling out the possibility that cryptocurrencies could end up being a fad, Kelly wants to make sure that Visa, the global digital payments giant, is “in the middle of it all” today:
“What I like most about our business, Alan, is that we don’t pick winners and losers. You know, as you and I sit here and talk today, I don’t know how far the cryptocurrencies are going to take off. Let’s say in five years it was a fad and no big deal? Or will it be extremely popular? I’m not smart enough to know, but what I’m smart enough to do is make sure our company is in the middle of it today.”
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The executive said that Visa now focuses on cash movements, rather than just on payments:
“If it takes off and we get our fair share or more of the volume, because we anticipate that it could possibly take off and become a big business, we certainly want to be prepared for that, and I think we’ve got off to a great start.”
Kelly divides the cryptocurrencies into two buckets. Seeing Bitcoin as the digital successor to gold, he mentioned that Visa was working to enable their purchases and enable the seamless conversion of this cryptoactive into fiat currency.
Visa’s head even predicts that the other category (digital currencies backed by state currencies) could become a strong payment vehicle.