SAN DIEGO--The acquiring industry is apparently dropping its wait and see attitude toward Bitcoin, the cryptocurrency thats becoming increasingly respectable. That goes for some other digital currencies, too.
Just a few months ago, acquiring executives admitted they were monitoring Bitcoins progress but seemed hesitant to take a position on its prospects.
Now the industry is inviting Bitcoin and its related companies to take on a prominent role at trade events.
Today, four panelists are scheduled to discuss cryptocurrency at the Western States Acquirers Association Annual Conference. They are Steve Beauregard, CEO of GoCoin, Adam Ettinger, partner at Strategic Counsel Corp., Dan Roseman, fouder of Coinality LLC, and moderator Mia Hyun, CEO of Mobius Payments and a WSAA director.
Speaking today at the WSAA conference, Jason Oxman, CEO of the Electronic Transactions Association, said the industry should welcome legitimate digital currency providers because theyre seeking to make payments electronic, which can contribute to the industry.
The WWAA presentations come about a week after Anthony Gallippi, CEO of BitPay, a Bitcoin service company, expressed his opinions on the Millennial Generation during a panel discussion at the ETA Strategic Leadership Forum.