Some big venture capitalists are jumping aboard the Bitcoin-bandwagon and investing in Coinbase with hopes that the digital currency exchange becomes the next generation version of MasterCard and Visa. In this segment of The Motley Fool’s financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the investment and why this type of funding is crucial the acceptance of Bitcoin and other digital currencies.
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David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends MasterCard and Visa. The Motley Fool owns shares of MasterCard and Visa. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.