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 a year ago . 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 . Currently dominating the sector are the following institutions: Visa, MasterCard and China Union Pay. He added that he has experienced a shift in attitude to Bitcoin from major merchants, saying that while the last year he would explain to merchants why they ought to accept Bitcoin , big companies such as Visa , and China Union Pay 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 a year ago . 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 the last year he would explain to merchants why they ought to accept Bitcoin , big companies such as Visa , and China Union Pay are now talking to their merchants themselves about the value of accepting Bitcoin .