Visa Europe Announces Blockchain Remittance Proof-of-Concept
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....
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Visa Europe Collab, the global hub for Visa Europe International, and Epiphyte, provider of a block-chain-based software as a solution (SaaS) for immediate financial transactions, are combining their expertise to develop a more efficient global remittance service they told CCN in an email. The companies are working on a proof-of-concept to use bitcoin and block chain capabilities to make remittance services more efficient and easier to use. Epiphyte specializes in distributed ledger solutions for the mainstream financial market. The proof of concept is scheduled for completion in the next....
Visa Europe's innovation lab was demonstrating its proof-of-concept remittance app, which sends funds over the bitcoin blockchain, at the UnBound London conference on 30th November. The lab built the prototype with startup Epiphyte as part of a 100-day development project. Visa Europe Collab's Jon Downing and Epiphyte's Edan Yago discussed the reasons for embarking on the project, and for using the bitcoin blockchain instead of a closed network, in this CoinDesk exclusive. At the conference, held under the Victorian railway arches of London Bridge, Collab's Nigel Clarke, an innovation....
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 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 and blockchain-technology partner BTL will invite a select group of European banks to participate in a blockchain project that will see inter-bank payments made via transfers over the ledger. Hot on the heels of the likes of R3, Visa will experiment its own blockchain-based payments platform with a select group of banks who will send money over a blockchain. The proof-of-concept project will use Interbit, a cross-border blockchain remittance and settlement platform developed by industry startup BTL. Launched earlier this year, the Interbit platform is seen by Visa as the solution to....