His only mention of Bitcoin: Competitors are coming in the payments area. You all have read about Bitcoin, merchants building their own networks, PayPal and P

His only mention of Bitcoin: Competitors are coming in the payments area. You all have read about Bitcoin, merchants building their own networks, PayPal and PayPal look-alikes. Payments are a critical business for us – and we are quite good at it. But there is much for us to learn in terms of real-time systems, better encryption tech- niques, and reduction of costs and “pain points” for customers.