Visa: Blockchain & Bitcoin Are Now 'More Real than Ever'
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....
Related News
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....
Crypto firm Blockchain.com has announced the launch of a new crypto-centric pre-paid Visa card and so far, 50,000 users have registered for the waitlist signup. In addition to launching its crypto Visa card powered by the card issuing platform Marqeta, Blockchain.com Visa users will earn 1% back in crypto whenever they spend funds using the card. Blockchain.com Introduces Crypto Visa Card Blockchain.com is joining the likes of Crypto.com, Ripio, Bitso, Coinbase, Bitpay, Blockfi, and FTX by announcing the launch of a new crypto-loadable pre-paid Visa card. According to the announcement on....
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....
Visa Inc. is financing a team of engineers at its Bengaluru office to research further uses for the blockchain. Visa is looking to improve its payments processes, and it seems that the blockchain technology may hold the key for the Company’s future. A few months ago, Visa hired a former Google scientist, Min Wang, to lead the research teams from its San Francisco office, and Taneja in a project where they were to work on the blockchain. The company’s decision to start researching the blockchain technology comes right after banks and other financial institutions developed a sudden interest....
Visa is working on a blockchain-based solution for cross-border, business-to-business exchange called Visa B2B Connect. Cross-border payments between businesses is a complex market that is fraught with problems but is lucrative nonetheless, a potential that Visa seems eager to tap into. Visa Unveils its Collaborative Project. Visa, in collaboration with tech start-up, Chain Inc., unveiled the project on October 21, 2016. Chain, a startup that Visa happens to be an investor in, has also worked with Google, Salesforce, Microsoft, Square, and among others in the past. Visa B2B Connect seems....