Everyday Bitcoin Is Alive Is Another Day Closer To Being An Alternative To Visa Credit Cards, Just Ask Kroger
Kroger Considers Bitcoin Payments As An Alternative To Visa Credit Cards
Currently, one of the largest companies in the United States is Kroger. According to the current Fortune 500 list, it is the 17th largest and also the biggest supermarket brand when measured according to revenue. Kroger has now announced that from April 2019, it will no longer receive payments done with Visa credit cards. Kroger came to this decision because of the exorbitant transaction fees that the company incurs monthly. Since this announcement, many people have wondered what the company intends to use as a replacement.
Will Kroger Begin Accepting Bitcoin As Payment?
Reports currently have it that the Fortune 500 company is making plans to start accepting Bitcoin payments. Recently, these reports have been floating in a bit more often and seem to hold water as Anthony Pompliano, a founder and partner at Morgan Creek Digital recently took to Twitter to express his readiness to help Kroger make this move by offering to fly his team out to meet the Kroger management and help them with integrating the Lightning Network.
His tweet said:
“Grocery store @kroger is stopping acceptance of @Visa in over 250 stores because of network fees.
Who knows someone on the leadership team there?
The Morgan Creek Digital team will fly to meet them and get them hooked up with the Lightning Network nationwide.”
Possible Cryptocurrency Adoption By Other Companies
Even though Kroger’s decision was made because of Visa’s hefty fees, a move like this from a powerhouse like Kroger could potentially encourage many other companies to consider receiving cryptocurrency payments, whether or not it’s Bitcoin. If this eventually does happen, the future of cryptocurrency transactions in the real world is looking very bright.