Fintech giant Adyen says it has no interest in bitcoin as a payment method and clients aren’t asking for it

LONDON — Adyen, the European fintech giant processing payments for the likes of Facebook, Netflix and Uber, isn't convinced bitcoin can be used as a mainstream form of payment.Pieter van der Does, the firm's CEO and co-founder, told CNBC that volatility in bitcoin and other cryptocurrencies makes them less attractive for making transactions. He added his firm has no interest in adding crypto as a payment method."Bitcoin is more of an investment asset than a payment method," Van der Does said in an interview Wednesday."We are interested in payment methods which are being used," he added. "I am wondering if the huge movement in the value of bitcoin is helping it as a payment method."Tesla announced earlier this week that it had made a $1.5 billion investment in bitcoin, a move that led to speculation as to whether more firms would follow suit. Elon Musk's electric car company said in…

Read the original article here