Visa Europe: Blockchain is More Interesting than Bitcoin
Transitioning from traditional payments to their mobile counterparts is quite a challenge, even for Visa Europe. Blockchain technology is of particular interest to this institution, similar to how a lot of banks are keen on distributed ledgers as well. Bitcoin enthusiasts are thoroughly convinced digital payments are the way forward. Although card payments are becoming more common every month, there are high fraud rates associated with this form of transferring value. Visa Europe head of Digitization and Innovation Shahar Fridman feels confident digital payment should be the focus, even....
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Visa Europe has announced it is working on a proof-of-concept for a blockchain-based remittance service. Created through Visa Europe Collab, the trade organization's innovation initiative, the proof-of-concept is being built in collaboration with Epiphyte, an enterprise blockchain services firm that recently graduated from San Mateo incubator Boost VC. Though details on the proof-of-concept were limited, the companies said they are working in a "controlled test environment" that is seeking to simulate real-world remittance transactions. A press release by Visa Europe Collab indicated the....
Visa Europe became the latest enterprise financial institution to announce a blockchain proof-of-concept this month, when it revealed it was working to leverage the emerging technology for remittances. But while many of its peers are seeking to pursue such projects on closed, proprietary ledgers, Visa Europe Collab innovation partner Jon Downing has clarified that the test project is being conducted on the live bitcoin blockchain. In interview, Downing and Edan Yago, CEO of blockchain services firm and project partner Epiphyte, discussed the initiative in new detail. Payments in the....
Visa Europe's Collab, the company’s digital innovation initiative, has begun searching for bitcoin startups within the digital payments scene with the hopes of creating “an Apple App Store” of Bitcoin startups. Bitcoin companies qualified for its program called "a religion of a 100-day sprint proof of concept" will become a part of Visa’s proof of concept stage, where they will be given opportunities to test their platforms and technologies at Visa Europe. IBTimes interviewed Steve Perry, chief digital officer and the founder and co-creator of Visa Europe Collab about Visa’s general focus....
Visa Europe highlighted the significance of bitcoin and the blockchain as part of a retrospective on the past year in payments this week, suggesting that traditional finance will soon adopt the technology. Entitled "Why 2015 was the year for payments", the blog post explores financial tech in a broad sense, while also touching on the subject of digital currencies. The company said that "it’s clear that another transformation is happening" in terms of both investigation of the technology, as well as the shift in the perception surrounding it.
Visa has a launched a new programmable API. Announced via its Visa Developer platform, is a Microtransactions (MTX) API with which developers can “enable virtual currency” for desktop and mobile applications. The project will also allow branded reward points systems, coupons, and campaigns for virtual transactions. Visa has been a fan of blockchain....