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Bitcoin is ‘Potentially Disruptive’ to PayPal & Visa: Analyst

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Bitcoin or another cryptocurrency won’t supplant PayPal and credit cards as payment options yet, but they could in due time. That’s the assessment of Lisa Ellis, an equity analyst with sell-side research firm MoffettNathanson. “Cryptocurrency systems (e.g., Bitcoin, Ethereum, Ripple) are potentially disruptive to private payment systems,” Ellis wrote in a client note. “Their core design characteristics — which are aimed at enabling ‘freedom of money’ — are in direct contrast to the characteristics of most traditional, private payment systems.” Ellis: Visa and PayPal Should Embrace Crypto Because of their disruptive potential, Ellis says crypto could become an existential threat to Visa,

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* First published on ccn.com

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