Visa to Launch Blockchain Payments Service Next Year
Visa has announced new details about a forthcoming business-to-business payments service developed in partnership with blockchain startup Chain. Dubbed Visa B2B Connect, the near real-time settlement platform is aimed at providing a more secure, transparent mechanism for businesses making payments via Visa’s netowrk. That the two firms would co-develop a platform for payments is perhaps unsurprising, given their existing relationship and the fact that Visa was took part in Chain’s $30m funding round, announced last September. The credit card giant has made other blockchain tests related to....
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Payments giant Visa has launched global crypto advisory services. The company’s executive says: “We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product roadmap.” Visa’s Global Crypto Advisory Services Payments giant Visa announced Wednesday the launch of its “global crypto advisory services,” an offering within Visa Consulting & Analytics (VCA). “This comes at a moment when digital currencies are taking greater hold....
Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive.
Small Businesses in 9 Countries Plan to Accept Cryptocurrency This Year
Visa published a study on digital payments Wednesday. It was conducted by Wakefield Research in December 2021 and included a survey of 2,250 small business owners with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland,....
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....
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 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.