Cryptocurrencies
Crypto Isn't Disrupting Payments Yet But Stay Tuned, Ellis Says
- Blockchain presents risks and opportunites for incumbents
- Visa, Mastercard and PayPal all stand to benefit or lose out
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“Why would I ever buy coffee with bitcoin?” MoffettNathanson analyst Lisa Ellis said.
“As ludicrous as it may sound," the existential threat of cryptocurrency as a globally accepted, unbranded payment system that upends incumbents like Visa Inc., Mastercard Inc., and PayPal Holdings Inc. is worth watching but is unlikely to occur soon, Ellis wrote in a note to clients.