Bitpay 's Chief Executive Officer , Sonny Singh , in a discussion on the advancements of the digital currency space , highlighted the rapid growth in Bitcoin investment from venture capitalists , which has increased 262.5 % over the last year . Bitcoin , which has already surpassed Western Union and Visa in terms of payment volume , is yet to challenge the biggest payment services in the world , Visa , Mastercard , and China Union Pay . He added that he has experienced a shift in attitude to Bitcoin from major merchants , saying that while a year ago he would explain to merchants why they ought to accept Bitcoin , big companies such as Dell , Overstock , and Microsoft are now talking to their merchants themselves about the value of accepting Bitcoin .
Bitpay's Chief Commercial Officer, Sonny Singh, in a discussion on the advancements of the digital currency space, highlighted the rapid growth in Bitcoin investment from venture capitalists, which has increased 262.5% over the last year. Bitcoin, which has already surpassed Western Union and Xoom in terms of payment volume, is yet to challenge the biggest payment services in the world, Visa, Mastercard, and China Union Pay. He added that he has experienced a shift in attitude to Bitcoin from major merchants, saying that while a year ago he would explain to merchants why they ought to accept Bitcoin, big companies such as Dell, Overstock, and Microsoft are now talking to their merchants themselves about the value of accepting Bitcoin.