Digital currency bitcoin has come out of nowhere in the past several years and has reached the point where it served as a safety play for many currency traders during the aftermath of the Brexit vote. The bitcoin blockchain now has a market cap of roughly $10 billion, but how much of a disruptive force will Bitcoin be to traditional banks and card networks like Visa Inc V and Mastercard Inc MA?

According to Citi analyst Keith Horowitz, investors in traditional payment systems shouldn’t be worried.

No Worries

While bitcoin is a successful proof of concept for a peer-to-peer payment system, Horowitz said the benefits for a consumer of a decentralized payment system are marginal at best, meaning that consumers see little benefit to using bitcoin over traditional payment methods.

“While we do not see…

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