European Visa: Blockchain is no longer an option, but a must

     As part of its review of the past year, Visa Europe this week highlighted the significance of bitcoin and blockchain, suggesting that traditional finance is close to adopting the technology.

In a blog post titled “Why 2015 is the Year of Payments,” which explores financial technology broadly but also touches on the subject of digital currencies, the company said “it’s clear that another shift is happening . ”

Visa said :

     “Blockchain’s transformation into an industrial presence in 2015 is no longer an option. Recent speculation about the identity of its creator and the form of virtual currency as a commodity makes it more real than ever.”

     Visa Europe posits that the technology will face regulatory hurdles in the coming year , with stakeholders needing to “address the trust gap that has challenged them from the outset”.

    Later on , it would also appear that revealing that Bitcoin and blockchain can be used for international payments and competing financial firms will become a further focus.