In other cryptocurrency-related news, profits at payments giant Visa Inc.
In a call with investors, Al Kelly, Visa’s CEO and chairman, said the growth of cryptocurrencies will also be good for Visa’s profits because cryptocurrency investors will need to move money from a traditional bank account to a third-party service to buy Bitcoin and other coins.
That’s was up from a profit of $2.14 billion, or 97 cents per share, in the same period a year earlier.