Visa Creates Service To Advise Financial Institutions On Cryptocurrencies
It’s a new dawn. Credit card giant Visa is now in the cryptocurrency business. They won’t be buying and selling yet, though. Its new division will focus on advising everyone. From retail customers to financial institutions, even central banks can get information from Visa’s crypto experts. A lot of people still value the input traditional institutions can give, even if they don’t have the track record. So this seems to be good news for the crypto industry as a whole. Related Reading | As Amazon Takes on Visa, Does Cryptocurrency Offer the Real Alternative? Reuters informs:....
Related News
Visa's new crypto consulting services to push for mainstream adoption of cryptocurrencies. Payments giants Visa is launching new consulting and advisory services in a move to help its clients navigate the world of cryptocurrencies. The firm said on Dec. 8 that its crypto advisory practice, housed within its consulting and analytics division, will offer advice to financial institutions, retailers and other firms on everything from rolling out crypto features and exploring nonfungible tokens, to developing wallets for central bank digital currencies.According to Visa, part of banks' interest....
How do consortiums/private Blockchains affect Bitcoin? Financial institutions are trying different ways of approaching Bitcoin’s blockchain. These technologies could be applied to our financial system by 2020. We are witnessing the development of Bitcoin and other cryptocurrencies known as alternatives. The path has certain obstacles, and the banking system tries to eliminate any possible dangers. Why Bitcoin cannot be used by financial institutions. In 2015 we have seen a many articles regarding the issue of public vs. private blockchain. The main argument as to why Bitcoin could not be....
As Russia continues to press on to the fact that Crimea belong to the Federation now, the more brutal become the actions that US takes against it. Certainly, cryptocurrencies are not going to help government institutions but maybe they can become the last resort for Russian citizens abroad, stranded without means to get back, having their bank accounts frozen. The previous sanctions imposed by US government look like child’s play comparing to what Visa did. The official spokesperson for Visa in Russia made this public statement (translation from Russian site): “The USA treasury has imposed....
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....
Bitcoin exceeds the market cap of Visa at $460 billion as the price reaches a new all-time high of $25,000. The price of Bitcoin (BTC) surpassed $25,000 on Dec. 25, reaching a new all-time high of $25,020 on Bitstamp and surpassing the market cap of Visa in a historic milestone.Visa, the financial services giant, is valued at $460.06 billion according to Yahoo Finance. As of Dec. 26, Bitcoin is comfortably hovering above $462 billion.Top 13 companies' market capitalization. Source: Companiesmarketcap.comBut isn’t Visa and Bitcoin not an apt comparison?Bitcoin is essentially a peer-to-peer....