Avoiding Regulation Is Counterproductive For Bitcoin Adoption, Former Visa Exec Says

The first sentence of the famous bitcoin white paper reads:

“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

The problem here is that if global adoption was the goal, it’s difficult to eliminate financial institutions — especially if you’re targeting developed markets where the financial systems are matured and reliable. The growing number of crypto debit card offerings suggests that crypto firms are beginning to understand this.

Earlier this year, American crypto exchange Coinbase became the first pure-play cryptocurrency company to receive principal membership from Visa — a status that means that Coinbase can now issue a debit card for itself and other

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