Investors should not ignore cryptocurrencies’ threat to incumbent payment services like Visa, Mastercard, and PayPal, according to Lisa Ellis. In a note to clients, the MoffetNathanson analyst said that emerging use-cases could pose an existential crisis in the future. As Ludicrous As It May Sound “Why would I ever buy coffee with bitcoin?” asked Ellis, before ensuring her clients that it is a distinct future possibility, “as ludicrous as it may sound.” Though it may soundRead MoreThe post Analyst: ‘Bitcoin Poses Existential Threat To Visa, Mastercard, and Paypal’ appeared first on Bitcoinist.com.
