The Spanish banking giant, Santander, recently published a report stating that it views Bitcoin as a potential risk to credit card issuers and acquirers.
In the report, which focuses on the Brazilian market, Santander’s equity research team highlights Bitcoin’s benefits over typical card payments, including substantially faster transaction time, no need for contracts, considerably lower transaction fees, and the free-of-charge use of the blockchain versus expensive back-office transaction systems...
Read more here:
https://btcmanager.com/news/business/sa ... d-issuers/
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