Tag: Visa

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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On January 5, users of various bitcoin debit cards were notified that their cards have been temporarily frozen and unable to use them. Wavecrest, the company that issues pretty much every bitcoin debit card in existence, stated to its customers that they were instructed to close down all prepaid cards they had issued immediately. Is this the beginning of the…

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Blockchain technology is making headway in the financial sector as we know it today. Even credit card giant Visa is keeping close tabs on distributed ledgers. The company even went as far as announcing their international payment solution built on top of Chain’s blockchain services. In doing so, Visa wants to ensure faster, cheaper, and more transparent form of exchanging…

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Visa, an American multinational financial services corporation and the world’s largest credit card company, has secured a strategic partnership with blockchain solutions provider BTL Group, to build a blockchain-based interbank payment settlement system. BTL Group is the development team behind Interbit, an Ethereum blockchain-based payment and smart contract platform widely utilized by major financial institutions and banks. The company is…

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Visa Europe Collab, a new international innovation hub from Visa Europe that works with a network of partners from within the Digital and Fintech sectors, has recognized the potential that Bitcoin (and the underlying blockchain technology) has to completely revolutionize traditional remittances. In doing so, they have partnered with Epiphyte, a startup that “provides a blockchain powered SaaS service that…

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