VISA: Bitcoin is no Longer a Choice Anymore
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....
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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 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.
Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt Support for Bankoff Cards Payment processors Visa and Stripe have halted services for cards issued by Bankoff, the online banking platform informed clients on Tuesday, May 3. In a notice, a copy of which was posted on social media, the company explained that the suspension was due to the....
Following the news that Backpage had launched a lawsuit against Chicago-area Sheriff Thomas Dart, the company has made more headway, winning a "restraining order" against the outspoken sheriff. He will no longer be able to make "de-funding" efforts against Backpage.com. Lawyers for Backpage.com are pushing to have the Sheriff rescind his letters to MasterCard and Visa, which would amount to an apology. There is no way for Backpage.com to force the credit card processing companies to start working with them again, but if the companies knew that the Sheriff's threats of legal action were....
The United States recently prohibited U. S. -registered companies from investing in Crimea or providing services to firms operating there. This prohibition went along with sanctions imposed as a result of Russia's annexation of the peninsula from Ukraine. The consequences for the people of Crimea and parts of Ukraine are now being exacerbated by Visa and Mastercard's suspension of regional bank card services. Also read: EuroPay, Mastercard, and Visa (EMV) Credit Cards Force Needed Security Upgrade with "Liability Shift". VISA and Mastercard Leave Crimea. Visa, in a recent statement, has....