Visa working on blockchain interoperability hub for crypto payments
Visa’s new blockchain interoperability project is designed to serve as a “network of blockchain networks.” Global payments giant Visa has introduced a project that aims to be a “universal adapter” of blockchains that can connect multiple cryptocurrencies, stablecoins as well as central bank digital currencies (CBDC).According to an official announcement on Thursday, Visa’s research team is working on a “Universal Payment Channel” (UPC) initiative, a blockchain interoperability hub connecting multiple blockchain networks and enabling transfers of digital assets from different protocols and....
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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....
Visa has recorded massive growth with its crypto payments. The payments giants had been one of the first to step into the crypto space to take advantage of the unique payments capabilities of blockchain technology. Between the time the company first announced its move into the blockchain and now, it has grown its offering widely […]
Visa CEO Al Kelly anticipates that cryptocurrency could become “extremely mainstream” within five years. He is working to position Visa in the middle of it should cryptocurrency take off. He further confirmed that Visa is working to allow bitcoin purchases, in addition to enabling the cryptocurrency to be used at 70 million stores where Visa is accepted. Visa Anticipates Crypto Going ‘Extremely Mainstream’ In the Leadership Next podcast with Alan Murray and Ellen McGirt published Tuesday, Visa CEO Al Kelly talked about bitcoin and his company’s cryptocurrency....
Large existing payments companies are "lowering the drawbridges" and working more openly with new players in the space, according to a Visa executive. Jonathan Vaux, executive director of new digital payments and strategy at Visa Europe, was speaking at WIRED Money, held in London yesterday. "I genuinely believe that by working together, we will succeed together. I think that the innovation that the startups bring is fantastic and that the scale the incumbents - the banks, the Visas of the world - can bring is really really valuable," he said. Removing friction. Vaux's session at the....
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....