Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments
Former Visa UK and Ireland CEO Marc O’Brien said during an interview with Business Insider’s Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium.
During the interview, O’Brien, who served as the CEO of VISA UK for six years from 2008 to 2014, said that his team is attempting to increase the mainstream adoption of cryptocurrencies like bitcoin and ether as currencies and legitimate payment methods by allowing users to spend cryptocurrencies on a daily basis to pay for products and services.
“The idea is that cryptocurrency is actually quite difficult today to use as an everyday method of payment. If you were to go to an exchange with your bitcoin or your ether it would probably take you 3 to 7 days to get that money paid out into a normal bank account. What Crypterium will do is make that whole process seamless and give an opportunity for a consumer to actually use their cryptocurrency to pay for everyday items.”
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