Payment Industry Doesn’t Have to Worry About Bitcoin: Citigroup
Citigroup, in its latest report, doesn't consider bitcoin to be a threat to the payments and financial services industry. The rise in Bitcoin adoption and companies offering Bitcoin-based payment products is not going to affect the conventional payments industry anytime soon. The leading players in payments industry will continue to enjoy their dominance, states a recent report by Citigroup. The report, released a couple of days ago analyzes both payments industry and the digital currency industry to conclude that Bitcoin is not a threat to the likes of MasterCard and Visa. However, the....
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