Visa CEO Alfred Kelly said he doesn’t support bitcoin payments. Cryptocurrency legalization in Belarus will come into effect on March 28, 2018. NBA team Mavericks will sell tickets for bitcoin.
Visa CEO Alfred Kelly against bitcoin payments
“Bitcoin today is more a commodity that someone can invest in and, honestly, a speculative commodity,” said Visa CEO Alfred Kelly in an interview to CNBC. “Depending on when you got into the crazy cycle of what’s happening with Bitcoin over the last three months and whether you got out at the right time, you could have made a bunch of money.”
“I don’t view it as payment system player,” added Kelly. “We at Visa won’t process transactions that are cryptocurrency-based. We will only process fiat currency-based transactions.”
Visa is the world’s largest payments technology company, which facilitates electronic funds transfers through credit and debit cards.
Cryptocurrency legalization in Belarus
The decree, which legalizes cryptocurrency trading, initial coin offerings (ICOs) and mining activities in Belarus will come into effect on March 28, 2018. Cryptocurrency activities will be tax-exempt until 2023.
“The decree entitles legal entities and individual entrepreneurs who are residents of the High Technology Park (HTP) to perform operations with tokens (including cryptocurrency),” explained Iryna Chelysheva, an associate attorney at the Belarusian law firm of Vlasova Mikhel & Partners. “Others can use tokens on the territory of Belarus through residents of HTP.”
NBA team Mavericks will sell tickets for bitcoin
Mavericks owner and tech entrepreneur Mark Cuban was asked on Twitter: “Mark, when will I be able to purchase Mavs tickets with bitcoin?” He answered: “Next season.”
Cuban confirmed this info to Bloomberg and added that ethereum payments would be accepted as well.
“Some people want to buy products in crypto … we are happy to make it easy for them,” Cuban said.