Visa Teams Up With Consensys To Build Payment Infrastructure For CBDCs
Visa and ConsenSys, a blockchain software startup, are working to develop a central bank digital currency (CBDC) pilot program to explore retail applications such as cards and wallets. Both firms will first meet with an estimated 30 central banks to discuss the goals that governments hope to achieve with government-backed digital currency. The pilot program is scheduled to begin in the spring of this year. Visa To Pilot CBDC In Select Countries Visa (V) announced on Thursday that it will take its crypto services to the next level by teaming with blockchain software company Consensys to....
Related News
Visa has been active in engaging with crypto, and this week is no exception. Reports have emerged that the payment facilitator and financial services firm has deployed it’s first smart contract on Ethereum Testnet. The move isn’t the first to signal Visa’s increased acceptance to adopt crypto in their operations. Visa’s Universal Payment Channel The company is showing clear investment in becoming a leader of payment processing through central banks via crypto. Visa’s first smart contract deployment was a payment channel accepting both Ether and USDC. This is a....
Tether chief technology officer Paolo Ardoino claimed CBDCs would primarily replace the age-old payment systems and utilize private blockchain as a modern and cost-controlled tech infrastructure. Paolo Ardoino, the chief technology officer at Tether, believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablecoins.Ardoino shared his two cents in a Twitter thread on the growing discussion around CBDCs and what their role could be in the current payment system. He said CBDCs would only replace the age-old....
On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.”
Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future
Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to....
Visa is the world’s largest payment network and handles nearly 56,000 transaction messages a second. In August 2015, the company had announced the opening up of a new technology development centre in Bangalore, India. According to a press release made by Visa the aim of this development centre is to boost digital commerce globally. It has now been revealed that this centre will also focus on blockchain the technology behind Bitcoin. Visa chooses Blockchain. According to the Indian financial newspaper Mint a Top Visa executive has revealed that the company plans to use Blockchain technology....
Visa is looking for Blockchain developers. In a recent job posting on Visa’s website, the payment processor noted that their software engineers are tasked with: “Designing and developing secure, scalable blockchain network and micro services that are highly scalable, efficient, and extensible.” Visa Looks to Blockchain for Future Infrastructure. The list of qualifications seems to have a consistent bias towards skills that lend themselves to blockchain application development as well. Whether they plan on an internal infrastructure update or rolling out a retail product based on blockchain....