One of the top executive’s at global payments processing company Visa has absolutely slammed cryptocurrency and its users. Speaking with the Financial Times, Vasant Prabhu sees Bitcoin and other digital currencies as a tool used by “every crook and dirty politician” around.
Prabhu told the publication that he’s getting asked more and more about cryptocurrency. This to him signals that the whole space is nothing more than a giant speculative bubble.
The Visa executive spoke of his interactions with various retail-investors. He said they were “a real shock” to him: “The people asking me are the ones who scare the hell out of me… You know, guys like the limo driver to the airport .
They have no idea what they are doing.” Evidently, these would-be crypto investors don’t really know what they’re doing. Why anyone would take investment advice from the chief financial officer of a company who has the most to lose from a successful cryptocurrency revolution is unclear. Read more from newsbtc.com…
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