Visa: 2015 Has Turned The Blockchain Into Something The Industry Has To Live With
In the final week of the year 2015 major financial players publish their results and summaries of the year. So did VISA. On December 26, Visa Europe has published a summary of “Why 2015 was the year for payments” saying that this year many innovations in the financial technology sector were focused on Blockchains and Bitcoin. Now these technologies are more real than ever and companies can escape using them no longer. Quote: According to Visa Europe, next year we should be ready to see even more challenges: “If we think back to how it was perceived a year ago and then how it is understood....
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Since the beginning of 2015, a growing number of financial establishments and banking groups have adopted the Bitcoin blockchain technology to create decentralized financial applications and platforms. Multi-billion dollar banks have been conducting collaborative research and co-developing blockchain-based experimental applications to explore the potential and technical advantages of the distributed ledger technology in the finance sector. Visa Europe, a membership association and cooperative of over 3,700 European banks and alternative payment services providers which operate Visa branded....
In a blog post summing up 2015 as a year for payments, Visa Europe deemed ‘Fintech’ as the industry where ‘everyone wants to be’ and made a marked point about blockchain and bitcoin becoming a reality that the ‘industry has to live with.’ A blog post titled “Why 2015 was the year for payments” published as a retrospective for the year went up on Visa’s European website to broadly summarize the Fintech sector with a focus on consumer banking. Citing ‘payment innovation’ as the driving force behind progress, the post noted tech giants such as Apple, Samsung and Google to come up with their....
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Visa is the world’s largest payment network and handles nearly 56,000 transaction messages a second. In August 2015, the company had announced the opening up of a new technology development centre in Bangalore, India. According to a press release made by Visa the aim of this development centre is to boost digital commerce globally. It has now been revealed that this centre will also focus on blockchain the technology behind Bitcoin. Visa chooses Blockchain. According to the Indian financial newspaper Mint a Top Visa executive has revealed that the company plans to use Blockchain technology....
Known to many as "Bitcoin Jesus," Bitcoin super-investor and activist Roger Ver has run into major problems recently. Ver famously renounced his United States citizenship in 2014 and was denied a traveling visa this week by U. S. consulate officials. This being his latest attempt to visit Miami to attend an upcoming Bitcoin conference. Roger Ver has taken to social networking site Twitter to vent his frustrations at these new traveling restrictions. Ever since the Christmas holiday, Ver has been turned down three different times in the span of eight days. Roger Ver @rogerkver@tom_sharkey....