The credit card processing company Visa will study Bitcoin and blockchain technology very soon.
The executive vice President of technology of Visa Rajat Taneja expressed that the study will be doing at the innovation lab of Visa,which will be focused on to improve the two products Visa Checkout and mVisa.
It is funny that the company previously thought Bitcoin and blockchain technology will never be a threat to Visa. As early as August 2012,there was report that Visa may add Bitcoin as a payment option.
Taneja said: There will a team in India which work together with our labs of United States and Singapore to study blockchain technology.
Taneja expressed that the office in India of Visa has 400 engineers now and will expand to 1000 soon,but not all of them will study Bitcoin and blockchain.