Visa and Mastercards business isn't payments it is letting people buy stuff with money they don't have. Bitcoin doesn't compete with them at all. >It would al

Visa and Mastercards business isn't payments it is letting people buy stuff with money they don't have. Bitcoin doesn't compete with them at all. >It would also be potentially beneficial for the user since if you could purchase things with bitcoin at your local store the owner wouldn't have to pay the bank or Visa a small fee to make a transaction. I don't pay them when I make a purchase the store does. That saving could be passed along but it wouldn't be. >The biggest problem bitcoin has at the moment is all the hackers stealing the bitcoins and giving it a bad reputation in the news. The biggest problem bitcoin has at the moment is that it isn't really better than existing systems for 99% of the people in the world with money. And with that comes complexity, security risks and volatility.