How Tezos’ New Partnership Could Create the New ‘Visa’ of Crypto
Last week, a report from Bank of America predicted that smart contract platform Solana is expected to become the “Visa” of digital assets. The report explained that while the Ethereum blockchain was a popular choice due to its security and decentralization, it suffered in its scalability. As an attractive alternative, Solana’s prioritization of micropayments regarding gaming and NFTs allowed for a utility similar to that of Visa, but for crypto. “Solana could become the Visa of the digital assets ecosystem. Ethereum’s prioritization could optimize it for high-value transactions and....
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American multinational financial services corporation, Visa, is inviting lenders to test its interbank transfer system that sends money over a blockchain. Visa’s New Blockchain Project. Hendrik Kleinsmiede, co-founder of Visa’s innovation hub, Visa Europe Collab, said in the announcement that the project is designed to “reduce the friction of domestic....
The Justice Department alleges Visa’s acquisition of Plaid would eliminate competition in the online debit market, leading to higher prices.
Visa’s partners will be able to exchange USDC over the payment network to clear transactions made in fiat currency. Major credit credit provider Visa is piloting a program that will allow its partners to use the Ethereum (ETH) blockchain to settle a transaction made in fiat.In a Monday announcement, Visa said it will be partnering with cryptocurrency exchange platform and card issuer Crypto.com to offer a crypto settlement system for fiat transactions later this year. Visa’s partners will reportedly be able to exchange USD Coin (USDC) over the credit card’s payment network to clear....
This could significantly lower the barrier to entry for stablecoin use. Visa has teamed up with blockchain services company Circle to make USD Coin (USDC) stablecoin transactions compatible with certain credit cards.“After Circle itself graduates from Visa’s Fast Track program, likely sometime next year, Visa will issue a credit card that lets businesses send and receive USDC payments directly from any business using the card,” said a Forbes article on Wednesday. Cuy Sheffield, Visa’s head of crypto, told Forbes:“This will be the first, corporate card that will allow businesses to be able....
The crypto APIs will help “provide another channel for the Black community to access crypto as a new asset class.” Visa has teamed up with a neobank to pilot a crypto program that will allow underbanked individuals to purchase, custody, and trade digital assets.In an announcement today, customers at First Boulevard, a neobank “built for Black America,” will soon be able use Visa’s application programming interfaces, or APIs, to access the benefits of trading and custodying crypto. Visa said the partnership was part of its efforts to give people using financial institutions without the....