Electronic Transactions Association CEO Expecting More Partnerships with Bitcoin Startups
ETA CEO Jason Oxman indicated that members might soon recognize Bitcoin’s disruptive potential, which could lead to more partnerships between traditional electronic payment providers and Bitcoin startups. The ETA welcomed BitPay as its first virtual currency company member and expressed a commitment to embracing new technologies, anticipating more collaborations as the payments industry innovates. Oxman clarified that the ETA does not advocate for Bitcoin specifically but supports all forms of electronic transactions, and he highlighted the importance of educating members on Bitcoin’s benefits through the Bitcoin Foundation. He also noted that regulators' concerns around customer protection influence the development and acceptance of new payment technologies like Bitcoin.