Visa CFO Vasant Prabhu Attacks Bitcoin: “Bubble”

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VISA CFO Vasant Prabhu. Source: Visa Investor Relations

While Google has announced it will ban advertisements that promote cryptocurrencies and initial coin offerings (ICOs) starting from June, as reported also by The Verge, Visa CFO Vasant Prabhu told the FT in a recent interview:

My personal view is that cryptocurrencies are more speculative investment commodities than payment options, operating in a very unsettled regulatory environment. The markets are testing cryptocurrencies today with the volatile fluctuations we’ve seen recently. It’s early days and we’ll watch it very closely.

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