Tag: Visa

While bitcoin serves many functions, one its most substantial uses is as a payment system. Typically the metric that has been used to compare Bitcoin to companies like VISA, Paypal, or even newer blockchains that tout higher transaction capacity, is through how many transactions the system can handle, usually seen as transaction per second (tps). An article published on November…

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Visa CEO Al Kelly doesn’t see cryptocurrencies posing a threat to Visa in the near future, and said that the financial services giant won’t get into the cryptocurrency business until they become more traditional payment instruments, CNBC reported on October 25, 2018. Visa Not Keen on Crypto Investments Just yet Despite Mastercard’s unexpected push for a patent outlining “fractional reserve…

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In a bid to make it easier for financial institutions to send cross-border payments globally, in a fast, secure and cost-efficient way, Visa is joining forces with IBM and Bottomline Technologies to launch its B2B Connect distributed ledger technology (DLT) solution powered by Linux Foundation’s Hyperledger Fabric framework by the first quarter of 2019, reported Finextra on October 22, 2018….

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Hong Kong-based blockchain start-up named Crypto.com is set to launch Asia’s first cryptocurrency enabled Visa debit card. Per a report on South China Morning Post on September 5, 2018, the firm’s partner bank has plans to issue 100,000 cards globally over the next two months, starting with Singapore. The debit card will be linked to fiat and crypto wallets supporting…

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On July 27, 2018, Mastercard CEO, Ajay Banga shared his thoughts regarding cryptocurrency, calling it “junk” and that an “anonymized” currency having such “wild” fluctuations in the market cannot be considered as a medium of exchange in an economy.   During the New India Lecture’ organized earlier this week at the Indian Consulate, Banga took questions about a crypto trade….

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In an attempt to clear the debate among cryptocurrency developers between the philosophies adopted by bitcoin (BTC) and bitcoin cash (BCH),  Amaury Sechet, lead developer of Bitcoin Cash, emphasized how the Bitcoin Cash protocol follows the original values proposed by Satoshi Nakamoto in the Bitcoin whitepaper. Reducing Time Interval Between Blocks Speaking at the CoinGeek conference on June 10, 2018,…

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Marc O’Brien, the former CEO of Visa in the United Kingdom and Ireland, has recently joined a new cryptocurrency startup, which aims to make crypto transactions a routine habit for its spenders. Crypto-Startups Realise The Value of Experience The startup, Crypterium, was founded by a group of young entrepreneurs who aim to make the process of making payments via cryptocurrency…

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Morgan Stanley analyst James Faucette believes that PayPal will remain the leader in the online payment sector. The California-based company dominates the industry as they service 79 percent of the top 500 online merchants. In contrast, only four of the top 500 eCommerce sites accept bitcoin as a payment option. Faucette, said: “We expect PayPal to continue growing at or…

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The no-love-lost relationship between digital currencies and the traditional banking system is not a recent phenomenon. It has been around ever since the first decentralized cryptocurrency, bitcoin, came into existence back in 2009. The strained relationship is of course not void of valid underlying reasons, after all, decentralized digital tokens are all about peer-to-peer transactions that, by design, leave no…

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On February 16, 2018, news began to filter out from Reddit and several social media platforms that Coinbase users were experiencing unexplained charges and deductions on their Visa debit and credit cards. A vast majority of these charges and deductions were carried out multiple times, with some users experiencing more than 50 duplicate charges and deductions from their Visa cards….

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