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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Abiky on January 02, 2019, 05:29:16 PM



Title: Will Blockchain beat VISA someday?
Post by: Abiky on January 02, 2019, 05:29:16 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)


Title: Re: Will Blockchain beat VISA someday?
Post by: blockman on January 02, 2019, 05:33:24 PM
I've read a news about Visa adopting or launching blockchain-based system.

Here's the link (https://cointelegraph.com/news/visa-set-to-launch-blockchain-based-digital-identity-system-with-ibm-in-q1-2019)

I think it will not beat Visa, two will merge as Visa sees its potential.


Title: Re: Will Blockchain beat VISA someday?
Post by: kidbounty on January 02, 2019, 05:41:23 PM
very difficult, because without the help of the government the blockchain will find it difficult to find new users. the first thing to do is that the blockchain must be approved by governments around the world. this new technology will be accepted by the public.


Title: Re: Will Blockchain beat VISA someday?
Post by: felicita on January 02, 2019, 05:45:25 PM
it has the petenzial to beat them But this can take many years becourse only next genrations will use Blockchain more then Visa to make payments.


kind regards


Title: Re: Will Blockchain beat VISA someday?
Post by: a4illusionist on January 02, 2019, 05:49:51 PM
Visa will adopt blockchain and it will become another part of the blockchain. And that would be a good thing. I think they already are working on it. Once these kind of systems starts integrating blockchain, then it would be really smooth going ever after.


Title: Re: Will Blockchain beat VISA someday?
Post by: Lakai01 on January 02, 2019, 05:53:52 PM
Centralized coins like XRP are capable of outperforming VISA etc when it comes to transaction throughput. But you are replacing on centralized system with another.
There are hundreds of coins out there which may outperform VISA, too. Both centralized (TERNIO, ...) and decentralized (BTC with lightning, eg.)
But its not only transaction througput what should be considered when we look for successors for VISA and co. Such companies eg. excell at fraud detections, insurrances etc.


Title: Re: Will Blockchain beat VISA someday?
Post by: kentrolla on January 02, 2019, 07:23:31 PM
Yes blockchain has the capability to beat Visa's but not at this moment it will take a long period. However the talks might be in progress about this also people and the government need to support if this is wanted to happen.


Title: Re: Will Blockchain beat VISA someday?
Post by: anatolij.shishkin on January 02, 2019, 07:31:17 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

I think I can not yet. The reason for this is a state that does not accept cryptocurrency. If they do not accept cryptocurrency, then they strive to do everything to prevent it from reaching the masses. And without massive use, it all does not make sense.


Title: Re: Will Blockchain beat VISA someday?
Post by: MikeyVeez on January 02, 2019, 07:42:51 PM
Probably it could happen, but first of all we have to find really fast blockchain solution because currently we can´t competite with Visa TPS.


Title: Re: Will Blockchain beat VISA someday?
Post by: guy369 on January 02, 2019, 07:44:55 PM
Since blockchain doesn't work of debt but works off assets I think it's a completely different class

I hope blockchain will first replace things like paypal and western union


Title: Re: Will Blockchain beat VISA someday?
Post by: go4crypto on January 02, 2019, 07:47:09 PM
I think it is just a matter of time before blockchain replaces most other payment methods including Visa. There is plenty of research going in lightning and other high performance and cheap transaction technologies.


Title: Re: Will Blockchain beat VISA someday?
Post by: baigreen on January 02, 2019, 07:51:53 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

These are world giants. Which will fight for what would not let cryptocurrency on the market. Mastercard and Visa will do everything possible so that the cryptocurrency does not become a new generation of payment systems. Also the state. Why do they need decentralized payment systems that can not be controlled. Therefore, if the cryptocurrency can go to the payment system.


Title: Re: Will Blockchain beat VISA someday?
Post by: Milamol on January 02, 2019, 08:03:31 PM
Tangle network can provide huge capacity.
Classic PoW and PoS are unlikely to provide higher speeds, but with a sufficiently large number of miners, the throughput may be sufficient.
Yes, technology is immature. But I hope that this will be fixed in the coming years.
Perhaps VISA will remain in centralized systems, cryptocurrencies will still exist in parallel for a long time.


Title: Re: Will Blockchain beat VISA someday?
Post by: Willitivity on January 02, 2019, 08:31:00 PM
Even though Blockchain habr been here for some time, but I can't see it toppling VISA any time soon. Being the fact that Blockchain is not regulated and so many governing bodies are not even in support of it. Other than that, Blockchain technologies are still an emerging market that should be given some more time to prove itself.


Title: Re: Will Blockchain beat VISA someday?
Post by: 4rt3m on January 02, 2019, 08:33:54 PM
I think that VISA is smart enough to start implementing blockchain in their system. Fintech industry managers react very quickly for all trends.


Title: Re: Will Blockchain beat VISA someday?
Post by: Nitori_m on January 02, 2019, 08:43:42 PM
The both have there respective advantages, I believe they will evolve/merge together eventually


Title: Re: Will Blockchain beat VISA someday?
Post by: lyancy005 on January 02, 2019, 08:47:38 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

The way I see it I think it would defeat VISA and a lot of people will be delight to use Blockchain because of the fastness and direct payment system.


Title: Re: Will Blockchain beat VISA someday?
Post by: AndRE177 on January 02, 2019, 10:16:25 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

Technology Blockchain definitely has such prospects in the future. However, at the moment there are no projects that have come close to the speed of the VISA network.
As far as I know, Ripple is the fastest coin from the entire market, but even it is hundreds of times inferior to the VISA rate.


Title: Re: Will Blockchain beat VISA someday?
Post by: Luvr1000 on January 02, 2019, 11:25:52 PM
I saw an article on the Internet saying that a visa is interested in blockchain technology. This means that in the near future we can see a visa for this technology and I think it will be very cool. time will tell 8)


Title: Re: Will Blockchain beat VISA someday?
Post by: tippytoes on January 02, 2019, 11:36:05 PM
Yes blockchain has the capability to beat Visa's but not at this moment it will take a long period. However the talks might be in progress about this also people and the government need to support if this is wanted to happen.

It might be true one day. Or if Visa is adopting the blockchain system then good for the crypto community.


Title: Re: Will Blockchain beat VISA someday?
Post by: bittick on January 02, 2019, 11:39:52 PM
Yes blockchain has the capability to beat Visa's but not at this moment it will take a long period. However the talks might be in progress about this also people and the government need to support if this is wanted to happen.

It might be true one day. Or if Visa is adopting the blockchain system then good for the crypto community.
not sure if they are adopting the blockchain and that will give a direct impact to the cryptocurrency. so far blockchain can evolve and break TPS that has gained by VISA. blockchain has a lot of potentials to get more TPS than VISA. I guess they are seeing an opportunity in blockchain.


Title: Re: Will Blockchain beat VISA someday?
Post by: zulfi125 on January 02, 2019, 11:57:30 PM
Yes, blockchian can beat VISA in 2019, if bitcoin will legal in advanced counties than can be beat in 2019, this is depends on legality and also adoption of advanced countries.


Title: Re: Will Blockchain beat VISA someday?
Post by: qtronix on January 03, 2019, 12:19:09 AM
We can't say for sure. On the one hand, blockchain is a very promising technology that is popular. But on the other hand, it will take a lot of time to surpass the existing payment systems. But nothing is impossible, so I think the blockchain is capable of it.


Title: Re: Will Blockchain beat VISA someday?
Post by: Omela44 on January 03, 2019, 12:57:20 AM
I could already imagine that the blockchain will beat visa someday, but that will certainly take a long time. I think we have to wait another year or two for that.


Title: Re: Will Blockchain beat VISA someday?
Post by: Msworld83 on January 03, 2019, 01:15:23 AM
Blockchain is the technology were are using and can be much better in every area but comparing it to visa makes me look confuse as blockchain is a mode of payment but cryptocerruncy which use blockchain to run its ledger so cryptocurrecy can be better than visa but the two have both advantage and did advantage and I can see cryptocurrency eating visa with a huge gap as it is very easy and has no barrier in cross bounder payment on like visa which is a very unique ting that will swift the adaptation of cryptocurrency.


Title: Re: Will Blockchain beat VISA someday?
Post by: Dobby070 on January 03, 2019, 02:39:32 AM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

Well, at this moment I see blockchain already surpassed visa in someways, transaction speed, reliability, robustness, and security is the things that I see block chain is way more better than Visa.


Title: Re: Will Blockchain beat VISA someday?
Post by: cola-jere on January 03, 2019, 04:03:09 AM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

I think the blockchain tech will eventually be adopted by financial institutions. They may even create their own cryptocurrency or agree on using 1 cryptocurrency for global use.



Title: Re: Will Blockchain beat VISA someday?
Post by: Pffrt on January 03, 2019, 04:08:09 AM
I've read a news about Visa adopting or launching blockchain-based system.

Here's the link (https://cointelegraph.com/news/visa-set-to-launch-blockchain-based-digital-identity-system-with-ibm-in-q1-2019)

I think it will not beat Visa, two will merge as Visa sees its potential.
That's what will happen eventually. Most of the traditional system will eventually go with the blockchain system since blockchain is more easier and transparent. Banks are already thinking of utilizing the blockchain and in some cases, they have already started to utilize.


Title: Re: Will Blockchain beat VISA someday?
Post by: blackhawkeye1912 on January 03, 2019, 05:46:11 AM
It's not about blockchain beating Visa or other existing financial online transactions. It's about how these existing processes such as Visa using blockchain technology. The blockchain technology with its great potential will surely be use by financial institutions once blockchain is harnessed to its maximum capability.


Title: Re: Will Blockchain beat VISA someday?
Post by: grifinmch on January 03, 2019, 06:27:33 AM
need to process and could make this time for such a VISA. so even though this is good but hope to be able to make it happen it's not easy because of even still many rejections for crypto and also blockchain. but technological developments will not be dammed blockchain slowly began to be shown its existence as a viable technology to use.


Title: Re: Will Blockchain beat VISA someday?
Post by: arkawa040 on January 03, 2019, 08:36:53 AM
I think that Visa and blockchain technologies are not competitors, on the contrary, when Visa will work on the principle of blockchain is a matter of time. Many companies are cheaper and more reliable to switch to blockchain technology because the quality of their products will become better.


Title: Re: Will Blockchain beat VISA someday?
Post by: Amberum on January 03, 2019, 09:11:55 AM
Compared to established markets and services cryptocurrencies look very weak, maybe because it is very young, maybe because it is decentralized.


Title: Re: Will Blockchain beat VISA someday?
Post by: Stervyatnik on January 03, 2019, 12:30:35 PM
Blockchain relatively recently appeared in our world, but it is developing very quickly.  so I think that technology will be able to overtake Visa in the near future!


Title: Re: Will Blockchain beat VISA someday?
Post by: chakhigh on January 03, 2019, 02:35:20 PM
It is very likewise that visa will adopt Blockchain somehow in the future.. Because, with the rise of new financial blockchain projects, like the current Gigzi, visa and other entities alike will be involved into the blockchain payment system too.. I say Gigzi will make the adoption process easier, because it will be partnered with local Banks to exchange and withdraw from crypto-assets to fiat currency. This is a solid step toward mass adoption and Visa has to follow the technology.


Title: Re: Will Blockchain beat VISA someday?
Post by: valek.bruno on January 03, 2019, 02:36:49 PM
It seems to me that if VISA had said that it would integrate the blockchain so that in the end it would really be possible to write down all the chains relying simply on the card numbers, that would be very cool.


Title: Re: Will Blockchain beat VISA someday?
Post by: Abiky on January 03, 2019, 04:02:14 PM
Yes blockchain has the capability to beat Visa's but not at this moment it will take a long period. However the talks might be in progress about this also people and the government need to support if this is wanted to happen.

Without a doubt, Blockchain would need full support from the government to be able to comply with standards and regulations, the same way VISA does. Once that happens, then Blockchain could go full-steam ahead in becoming highly scalable for the world. With the available technologies today, it's quite possible to design a high-throughput blockchain that would handle anything in its path.

The only reason why traditional payment processors like VISA and PayPal are still used today, it's because they provide convenience not found elsewhere. Given how Blockchain has become expensive and slow due to low scalability, people have preferred such payment processors over it. However, that may change soon as each day Blockchain improves in terms of security and performance for the world. We already have zero-fee blockchains (EOS, Steem, Nano, IOTA) which make borderless payments practical, especially for mainstream businesses. On the other hand, there are also near-instant solutions such as Nano, and IOTA, which allow infinite scalability for the masses.

Nonetheless, even if Blockchain doesn't beat VISA, it could become adopted by VISA to extend its reach to millions of people around the world. This is already happening, which means that Blockchain has already won, and it will be a part of our daily lives in the future. Just my opinion :)


Title: Re: Will Blockchain beat VISA someday?
Post by: xuv500 on January 03, 2019, 04:15:30 PM
it has the petenzial to beat them But this can take many years becourse only next genrations will use Blockchain more then Visa to make payments.


kind regards

Yes block chain has the capacity to over take Visa but it will take few more years as people want to understand and the usage need to be formal without any restrictions also the entire nation need to Co-operate to get this happen.



Title: Re: Will Blockchain beat VISA someday?
Post by: DominickA86 on January 03, 2019, 06:37:54 PM
Yes for sure! If you mean transactions speed, it is already happening, because there are so much blockchain that are promising up to 100k TPS and I think during the upcoming year, we would already see first blockchains that are fast enough.


Title: Re: Will Blockchain beat VISA someday?
Post by: edmundo on January 03, 2019, 06:43:33 PM
Obviously, the prospects are there with a lot of cryptocurrencies already finding acceptance as payment infrastructures and bills of exchange. Unfortunately, one of the major problems of the cryptocurrency technology is adoption, this is where VISA has covered enormous ground. Blockchain is only just getting started with several economies and population only becoming aware of its existence. Hopefully with time, more adoptions will come into place, elevating the utilization of the technology.


Title: Re: Will Blockchain beat VISA someday?
Post by: Findingnemo on January 03, 2019, 06:44:09 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)
I am not sure still blockchain is capable of processing millions of transactions per second because in 2017 the number of unconfirmed transactions got too much higher and people need to wait for days and weeks even after paid $100 of fees.


Title: Re: Will Blockchain beat VISA someday?
Post by: dumplingsandsushi on January 03, 2019, 06:44:24 PM
Probably not, that is why people are looking to "3rd generation" blockchains for solutions.
The 3rd generation blockchains aren't actually traditional blockchains at all, but mostly new technology.
Projects like byteball, nano, and iota use very different ways to approach the decentralized p2p open source ledger.

Mostly they have been successful except maybe iota.
Nano at least is fully functional, it is instant, has no fees, and scales infinitely.
Try it, you will never go back to normal blockchain again!

But I don't think this means that blockchain will become obsolete.
There are so many other applications of blockchain tech, just day to day payments aren't practical.


Title: Re: Will Blockchain beat VISA someday?
Post by: Amalker on January 03, 2019, 07:04:46 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)
If blockchain technologies will continue develop at the the same pace, than VISA will create it's own blockchain project and continue control their users. I think VISA is looking intently at blockchain.


Title: Re: Will Blockchain beat VISA someday?
Post by: Whosdaddy on January 03, 2019, 07:37:19 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)
Bitcoins biggest enemy is places like western union and such. The places that basically sends money from one place to another is the biggest enemy and we are definitely winning the war. There are too many companies moving forward with blockchain technologies instead of using the old methods. Hence I think it is definitely a big chance that one day VISA will lose against bitcoin too unless they start to improve their system with blockchain.

In case VISA and Mastercard improve themselves with blockchain systems than they will not be "beaten" by blockchain but just take part on the revolution instead. Blockchain is not "against" these companies, blockchain is just a new system for them, a better one. If they stop going with legacy system and improve to blockchain they can be part of the crypto world and there is nothing stopping that from happening.


Title: Re: Will Blockchain beat VISA someday?
Post by: Pab on January 03, 2019, 08:20:52 PM
I don't know about VISA but Master Card has his blockchain patent and they will use blockchain to improve his service and lower costs
There are estimates that about 10% of global GPD will be stored in blockchain
It is not about to beat it is about to integrate blockchain ti improve current financial system
Personally i think Visa will has no choice


Title: Re: Will Blockchain beat VISA someday?
Post by: sexylady13 on January 03, 2019, 08:39:47 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

Sorry, but what's the point in discussing such possibilities? To try to give hope to yourself? I don't see the point in it anyway because our guessing won't influence the real state of things in the market


Title: Re: Will Blockchain beat VISA someday?
Post by: dearbesz1219 on January 03, 2019, 08:44:24 PM
Visa and Mastercard have really nice solution for quick international payments. Imagine how fast are the bank transfers. I think that Ripple or Stellar can competite with bank transfers but not with credit card´s transactions.


Title: Re: Will Blockchain beat VISA someday?
Post by: blockman on January 03, 2019, 08:59:46 PM
I've read a news about Visa adopting or launching blockchain-based system.

Here's the link (https://cointelegraph.com/news/visa-set-to-launch-blockchain-based-digital-identity-system-with-ibm-in-q1-2019)

I think it will not beat Visa, two will merge as Visa sees its potential.
That's what will happen eventually. Most of the traditional system will eventually go with the blockchain system since blockchain is more easier and transparent. Banks are already thinking of utilizing the blockchain and in some cases, they have already started to utilize.
Yes it's possible for many companies but it can't happpen to every companies that we think. There's more to go with these companies and if ever they look into blockchain, they might not broadcast it that they'll start using the technology.

And another thing, it will be a private blockchain so its only applicable to them but its still the technology which they adopted.


Title: Re: Will Blockchain beat VISA someday?
Post by: UniversityCoin on January 03, 2019, 09:30:08 PM
Unfortunately, at the moment there are no cryptocurrencies capable of even getting close to the VISA in speed. I hope that in the future there will be such coins.


Title: Re: Will Blockchain beat VISA someday?
Post by: Ini35 on January 03, 2019, 11:12:52 PM
The key to that is the government approval, without which it will be challenging. Blockchain has got a lot of potentials, despite that, it still need some support. As a matter of fact, it is the best, but it's decentralized nature, is what is causing some backdrops. Some banks, most especially epex banks, are considering integrating it into their system, which will bring more enhancement to their works.


Title: Re: Will Blockchain beat VISA someday?
Post by: DanWalker on January 03, 2019, 11:35:00 PM
I believe that one day it will be so. As a crypto enthusiast I firmly believe that second layer solutions as Lightning network and many others will help BTC to become a standard payment tool for Internet and everyday offline usage. I hope that I'll be able to watch it with my own eyes.


Title: Re: Will Blockchain beat VISA someday?
Post by: the1arty on January 03, 2019, 11:53:52 PM
I've read a news about Visa adopting or launching blockchain-based system.

Here's the link (https://cointelegraph.com/news/visa-set-to-launch-blockchain-based-digital-identity-system-with-ibm-in-q1-2019)

I think it will not beat Visa, two will merge as Visa sees its potential.

I am pretty sure it may happen one day.
Visa is taking pretty quick steps to make it happen and they do not want to miss that money train.


Title: Re: Will Blockchain beat VISA someday?
Post by: blockman on January 04, 2019, 06:06:45 AM
I've read a news about Visa adopting or launching blockchain-based system.

Here's the link (https://cointelegraph.com/news/visa-set-to-launch-blockchain-based-digital-identity-system-with-ibm-in-q1-2019)

I think it will not beat Visa, two will merge as Visa sees its potential.

I am pretty sure it may happen one day.
Visa is taking pretty quick steps to make it happen and they do not want to miss that money train.
There's a sure money with blockchain and crypto's and for sure that they didn't want to miss that chance.

They know what drives the people and money is going in and out with blockchain and crypto's. As for that beating, forget that thing as we will see the adoption going through every year passes by.


Title: Re: Will Blockchain beat VISA someday?
Post by: Zin-Zang on January 04, 2019, 06:11:21 AM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)


Anything is possible, but here is a question to ponder

Does the blockchain need to surpass visa
or
Does the blockchain only need to meet it's own transaction volume? 


 8)


Title: Re: Will Blockchain beat VISA someday?
Post by: haroldtee on January 04, 2019, 08:24:23 AM
It should actually be more like, will Visa adopt blockchain technology in the long run. I believe it will and one thing we have to understand is that being on the blockchain does not necessarily mean you have to be decentralized by all means, and I believe as time goes on there will be a lot of improvement with scalability, so one way or the other, I feel there is a whole lot that will happen when it comes to integration of most of the payment company with blockchain over time.


Title: Re: Will Blockchain beat VISA someday?
Post by: manfredmann on January 04, 2019, 08:25:48 AM
Blockchain is more advance than VISA due to its record that could still be revisited if you are going to miss something in the transaction. The block chain technology is even ideal in integrating to a system to make sure some transparency in every transaction.


Title: Re: Will Blockchain beat VISA someday?
Post by: Abiky on January 04, 2019, 04:27:53 PM
Probably not, that is why people are looking to "3rd generation" blockchains for solutions.
The 3rd generation blockchains aren't actually traditional blockchains at all, but mostly new technology.
Projects like byteball, nano, and iota use very different ways to approach the decentralized p2p open source ledger.

Mostly they have been successful except maybe iota.
Nano at least is fully functional, it is instant, has no fees, and scales infinitely.
Try it, you will never go back to normal blockchain again!

But I don't think this means that blockchain will become obsolete.
There are so many other applications of blockchain tech, just day to day payments aren't practical.


Agree. I believe that the new trend is not Blockchain itself, but rather a Directed Acrylic Graph (DAG) which provides infinite scalability for the world. This solution seems ideal as transactions can be processed instantly and without fees. Cryptocurrencies such as Nano, IOTA, ByteBall, Constellation, Coti, and Hedera Hashgraph, use this innovative technology which is far superior than Bitcoin's blockchain tech.

If such cryptocurrencies become practical within the mainstream world, then they could easily surpass VISA with their infinite scalability. It has been shown in IOTA that the more the network usage and growth there is, the faster the network will be. Which is why, it's only a matter of time before DAG-based cryptocurrencies could rival Blockchain-based cryptos like Bitcoin and Ethereum.

Despite this, Blockchain tech is still the norm these days due to its high-level security and popularity. Cryptos like Bitcoin and Litecoin will be used as a store of value, while DAG-based cryptos will be used as digital cash. Therefore, there's a possibility that in the future, cryptocurrencies could beat VISA and other traditional payment systems with their corresponding technical architectures (either Blockchain or DAG). Just my opinion :)


Title: Re: Will Blockchain beat VISA someday?
Post by: samlaode on January 06, 2019, 01:41:59 PM
Of course, people around the world including those who use Bitcoin or don't use Bitcoin. Some people still know the applications of Blockchain technology are huge and important in life such as education, business, banking. I think it only takes more time Blockchain will replace Visa in banks. Because Blockchain saves costs and manpower management. Maybe 4 years later this becomes a reality and we can dream.


Title: Re: Will Blockchain beat VISA someday?
Post by: andor.gellenhidi on January 06, 2019, 01:49:19 PM
One cannot deny fate, because we all understand that BTC has not just appeared like that and it will not disappear anywhere, because today BTC is supported by a huge number of people who today have invested huge amounts of money in it.


Title: Re: Will Blockchain beat VISA someday?
Post by: ovisovyant1 on January 06, 2019, 01:52:22 PM
The blockchain and VISA have a contradictory system. maybe you use the blockchain for reasons of anonymity, but the VISA itself has a transparent system in terms of identity and some services may require the identity of their users / clients.
So in my opinion the two will not defeat each other


Title: Re: Will Blockchain beat VISA someday?
Post by: Nggedebus on January 06, 2019, 01:54:20 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)
I think that thing is possible to happen, but i will need time for the people to be able to accept it, since there are many people feeling worried for what happen to the cryptocurrency that are using the blockchain technology.
When the time for everyone able to fully accept blockchain then that will be the day for blockchain to takeover.


Title: Re: Will Blockchain beat VISA someday?
Post by: chanler on January 06, 2019, 02:23:41 PM
If we are talking about some day, it may be, but not clear when will happen.
But if we are talking about some recent years, I think that it may e difficult to beat the utility of the VISA and replaced by the Blockchain. Now, there are still some companies that can accept the block-chain technology. It may need more trusts again.


Title: Re: Will Blockchain beat VISA someday?
Post by: mainthread on January 06, 2019, 02:33:47 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

If the blockchain proves its viability and can provide great benefits, then I have no doubt that VISA will be able to develop its blockchain and continue working. Why should blockchain kill this system? This is just technology and it will be used if needed.


Title: Re: Will Blockchain beat VISA someday?
Post by: Saugani on January 06, 2019, 03:21:44 PM
I guess right, it not enough with the lighting bitcoin it’s so far and difficult to achieved in comparison with a VISA. Possible successor to next among the combinations of blockchain and high-scalability on TPS, currently any some developer but isn’t yet incomplete except RIPPLE as centralization.

I hope, great ideas VISA become more suitable the adoption with blockchain than of transactions


Title: Re: Will Blockchain beat VISA someday?
Post by: DeltaX on January 06, 2019, 03:46:36 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

If the blockchain proves its viability and can provide great benefits, then I have no doubt that VISA will be able to develop its blockchain and continue working. Why should blockchain kill this system? This is just technology and it will be used if needed.

Lol you have been giving a vague statement regarding the possibility for visa to create its own blockchain. It's easy for them to pay a lot of blockchain experts to create a new one for them all. Remember when you are seeing the fact that visa has been thinking to create its own one after seeing a lot of companies have tried that before


Title: Re: Will Blockchain beat VISA someday?
Post by: letyouearn on January 06, 2019, 03:57:31 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

I think this will happen in the nearest two years. And maybe VISA will make this happen, by the way. If it will invest in this technology and integrate it in its transactions system.


Title: Re: Will Blockchain beat VISA someday?
Post by: ynclksnr321 on January 06, 2019, 04:01:45 PM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

As a company with many users on the world, VISA is a great competitor for Bitcoin. But it's always better to come out. I think that Bitcoin can do this in the future.


Title: Re: Will Blockchain beat VISA someday?
Post by: inooll00 on January 06, 2019, 04:31:19 PM
what makes you think that? even VISA will adopt blockchain technology and build its own exchange site. Even the unimaginable thing is their exchange supports every fiat currency in the world.


Title: Re: Will Blockchain beat VISA someday?
Post by: No Pain No blood on January 06, 2019, 04:42:45 PM
you can, provided the government wants to accept cryptocurrency completely. I'm sure the visa will be replaced by cryptocurrency. it will be very beneficial if we use crypto because all transactions are transparent.


Title: Re: Will Blockchain beat VISA someday?
Post by: kliown on January 06, 2019, 05:43:56 PM
It all depends on what will be more profitable, as the blockchain technology is still quite slow to form transactions and payment for them is also quite high, although on the other hand VISA is not perfect.


Title: Re: Will Blockchain beat VISA someday?
Post by: Denreal on January 06, 2019, 09:16:48 PM
This depend on the development that is coming up. People are seriously waiting to see some progress.
So blockchain has got a lot of prospects. On its own it has a some of usefulness, that can being about more growth
Both block chain and Visa are not in anyway comparable. They two different entities, but I'm my opinion, block chain is better.


Title: Re: Will Blockchain beat VISA someday?
Post by: fosco333 on January 07, 2019, 02:02:21 AM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

If you compare VISA with blockchain, actually there are some advantages in using blockchain than using VISA.
But the disadvantages of blockchain still exist too. Once peoples using blockchain without disadvantages, blockchain will overtake it.
That is why cryptocurrency need to keep developing with quick pace.


Title: Re: Will Blockchain beat VISA someday?
Post by: johnleo on January 07, 2019, 02:26:04 AM
I don't see there is a competition between blockchain and VISA, blockchain is a system meanwhile VISA is an owner of the system. VISA could have own blockchain system. What in my mind is hoping there is an ICO project similar to VISA or Mastercard system.


Title: Re: Will Blockchain beat VISA someday?
Post by: dodgecharger on January 07, 2019, 03:21:56 AM
I think that the transfer and payment methods of cryptocurrencies will have a big impact on the traditional payment industry. In some developing countries, due to the backwardness of banking business, more and more people are beginning to transfer money through cryptocurrency.


Title: Re: Will Blockchain beat VISA someday?
Post by: killerfrost on January 07, 2019, 05:36:40 AM
No way, blockchain will help VISA become better if they apply the blockchain system to VISA, blockchain cannot beat banks or VISA ... because the nature of blockchain does not allow it to do it


Title: Re: Will Blockchain beat VISA someday?
Post by: JohnMacZeppelin on January 10, 2019, 03:45:12 PM
This may happen soon. Therefore, we must be prepared for this. Such a situation can happen very quickly, because the market will sooner or later start to show results and this will be global growth.


Title: Re: Will Blockchain beat VISA someday?
Post by: xkatarinax on January 10, 2019, 05:34:31 PM
I think that some day Visa/Mastercard and cryptocurrency will cooperate together. And it will be in the near future.


Title: Re: Will Blockchain beat VISA someday?
Post by: DeKingCrypto on January 10, 2019, 05:48:30 PM
Well, from the massive adoption of the use of blockchain, I think we are heading towards that direction, blockchain almost taking over every sector and in few decades to come I believe that blockchain will beat Visa.


Title: Re: Will Blockchain beat VISA someday?
Post by: beonline on January 10, 2019, 06:02:35 PM
very difficult, because without the help of the government the blockchain will find it difficult to find new users. the first thing to do is that the blockchain must be approved by governments around the world. this new technology will be accepted by the public.

This. Unfortunately, regulations can hinder adoption. But we know how it happens: first users, then businesses and governments. It will take time but I believe we will get there.


Title: Re: Will Blockchain beat VISA someday?
Post by: Abiky on January 11, 2019, 01:39:31 AM
I think this will happen in the nearest two years. And maybe VISA will make this happen, by the way. If it will invest in this technology and integrate it in its transactions system.

There could be a possibility that VISA might adopt Blockchain for its own benefit someday. In the event Blockchain technology becomes so successful, VISA would take the right direction towards preserving its business model by integrating Blockchain into its platform. However, if VISA doesn't adopt the Blockchain, then I'm afraid that it'll eventually be replaced by it. One thing for sure, is that Blockchain is improving at a fast pace. Which means, that sooner or later, Blockchain would scale to millions of users without sacrificing speeds or even costs at all.

With the advent of innovative technologies and consensus algorithms (such as DAGs, ZK-SNARKS, etc), Blockchain has enormous potential to take the financial world by storm. Of course, for Blockchain to beat VISA, it would need to become regulatory compliant (something that has been quite of a struggle lately). However, if Blockchain manages to gain full compliance, then there's nothing stopping it from beating VISA. Just my thoughts ;D


Title: Re: Will Blockchain beat VISA someday?
Post by: mullzerwar on January 11, 2019, 01:55:04 AM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)
What in my mind is, when ever the implementation of the blockchain technology for payment system going smoothly, then it will be possible for the blockchain to replace VISA that we used today, and perhaps could also replace the other payment system.


Title: Re: Will Blockchain beat VISA someday?
Post by: bolbau on January 11, 2019, 03:48:02 AM
beating a visa thoroughly is a very difficult thing, but it's not impossible. but I think blockchain and visas don't need to drop each other, if they can collaborate it will be much better. established technology such as visas that are guaranteed to be used globally cannot be thrown away, and the blockchain must be adopted as a new financial transaction revolution for the needs of the global community


Title: Re: Will Blockchain beat VISA someday?
Post by: jubilarian on January 11, 2019, 03:48:35 AM
I don't think blockchain will beat Visa. For now, I haven't seen any projects which has changed a industry in real life but I believe that it will happen in the future and Visa can combine/ use blockchain to improve their services.  


Title: Re: Will Blockchain beat VISA someday?
Post by: oppo070 on January 11, 2019, 06:06:11 AM
There's still some vulnerabilities that prohibits blockchain to be adopted by most of the people. Blockchain depends somehow on the miners that makes it vulnerable. if the miners are few, more risk is there. So I guess I am not sure if blockchain can beat VISA someday. Well, if the technology will be further develop I guess it can.


Title: Re: Will Blockchain beat VISA someday?
Post by: muslol67 on January 11, 2019, 06:38:26 AM
I don't think it can. But it will be a good competitor for Visa. Blockchain is too young. It has to spread all corner of the world. Then we may see using every area which we can't even imagine.


Title: Re: Will Blockchain beat VISA someday?
Post by: Bitbtc8 on January 11, 2019, 06:40:58 AM
And that my friend is possible but not anytime soon ,for blockchain to archive what VISA  is today it will takes time remember that they are both two different thing entirely and blockchain is just a newer technology that still finding its place even of how awesome it is ,and even if this happens anytime soon I'm sure VISA will implement blockchain


Title: Re: Will Blockchain beat VISA someday?
Post by: mitsos2017 on January 11, 2019, 06:46:19 AM
It could be possible in the future.
The case is that VISA can process 4000+ transaction per second, and blockchain can't.
Practicaly that means that you pay in a shop using your credit card instantly (but not with crypto's)


Title: Re: Will Blockchain beat VISA someday?
Post by: asriloni on January 11, 2019, 06:48:14 AM
I don't think blockchain will beat Visa. For now, I haven't seen any projects which has changed a industry in real life but I believe that it will happen in the future and Visa can combine/ use blockchain to improve their services.  
The blockchain can surpass VISA in terms of TPS. But about the widely payment system and it's too early to say if blockchain can compete with visa consider visa has already widely adopted by almost all of banks and service in the world. It's a little bit difficult to say about this thing.


Title: Re: Will Blockchain beat VISA someday?
Post by: NJB18 on January 11, 2019, 06:56:17 AM
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA? :)

It is understandable what many people wants with regards to decentralization. But if bitcoin won't scale to compete then someone or many projects are going to fill that void. Long term, I guess these coins will beat bitcoin on top.


Title: Re: Will Blockchain beat VISA someday?
Post by: truongdhnh on January 11, 2019, 07:20:40 AM
The current blockchain can say that it is very convenient and hot globally. Even banks have realized its advantages in managing directories. Blockchain needs more time to reach users. Then so I think Blockchain will beat Visa in the future.


Title: Re: Will Blockchain beat VISA someday?
Post by: wayancrypto on January 11, 2019, 07:55:57 AM
Blockchain technology is younger technology than VISA technology's and will keep in development to be much better. Currently Visa can proccess athousand transaction persecond but Bitcoin only 3 transaction persecond. Bitcoin will beat or not with VISA depend on the the development of the technology. That possible if BTC possible to process amillion transaction persecond with low fee transaction.


Title: Re: Will Blockchain beat VISA someday?
Post by: avarnet on January 11, 2019, 07:58:50 AM
I don't think it can. But it will be a good competitor for Visa. Blockchain is too young. It has to spread all corner of the world. Then we may see using every area which we can't even imagine.
That's right and if I think it will be very difficult for the blockchain to defeat VISA. because the blockchain is a new technology compared to VISA that has long been in the online world


Title: Re: Will Blockchain beat VISA someday?
Post by: Kiir on January 11, 2019, 08:10:52 AM
For now, I haven't seen any projects which has changed a industry in real life but I believe that it will happen in the future and Visa can combine/ use blockchain to improve their services.  

Ripple is changing it, slowely but surely (well, such changes take time).
Visa also bought out Earthport, which is Ripple's partner (which does NOT mean VISA is now a partner, but the buying can mean a lot of things, time will tell)

I do agree, however, that there are very, very few real life industry changing cryptos, depending on how you look at it.


Title: Re: Will Blockchain beat VISA someday?
Post by: travwill on January 11, 2019, 08:14:30 AM
I doubt the blockchain will beat VISA in the next few years. So far, no project with credit cards on the blockchain has become popular and has not been properly implemented.


Title: Re: Will Blockchain beat VISA someday?
Post by: Ycekezuv on January 11, 2019, 08:20:08 AM
Solving problems with scaling is only a matter of time and as soon as it is decided, I think that many payment systems will start to apply the Blockchain technology!


Title: Re: Will Blockchain beat VISA someday?
Post by: Yamifoud on January 11, 2019, 08:28:20 AM
I doubt the blockchain will beat VISA in the next few years. So far, no project with credit cards on the blockchain has become popular and has not been properly implemented.
Some companies have started to integrate VISA card using crypto. It is absolutely were going that way anytime soon as a huge developmental effect of crypto adoption. Fixing bugs will help for its fast developmental activities and can be assured that it will work will once finally launched.


Title: Re: Will Blockchain beat VISA someday?
Post by: uniquark on January 11, 2019, 08:54:49 AM
VISA is supported by banks and many shops and trade centers. Blockchain is just a technology that helps all transactions be transparent. I think these are two different concepts


Title: Re: Will Blockchain beat VISA someday?
Post by: makerst on January 12, 2019, 01:48:59 PM
Yes, someday it will be all the same and it will happen very soon, because people are already very tired of corruption and constant vague ideas about where the money goes, it seems to me that all this will obviously make sense.


Title: Re: Will Blockchain beat VISA someday?
Post by: TarzanNJane on January 13, 2019, 06:46:50 AM
Nope!  But it is inspiring them to push the innovation and maybe in the near future VISA/Mastercard will implement blockchain


Title: Re: Will Blockchain beat VISA someday?
Post by: Whaletale on January 13, 2019, 07:13:03 AM
It has already beat it as many are now using blockchain to transact than visa with less fees and bounder less barrier which is a unique thing about block chain and cryptocurrency , if visa is trying to adopt block chain then it show how blockchain is way more better to add value to visa if used .


Title: Re: Will Blockchain beat VISA someday?
Post by: GGmith on January 13, 2019, 07:54:11 AM
I don't think like that. Although blockchain technology is now widely adopted, it is still difficult to change visas, while these visas have grown throughout the world, many of which are used for global payments and blockchain is still in the development stage which is largely unknown to many people. a bit difficult in my opinion


Title: Re: Will Blockchain beat VISA someday?
Post by: sanacaks on January 13, 2019, 07:59:41 AM

In a few years, I think that Blockchain technology will be the largest payment system. The faster the transactions, the lack of limitations, the more active use of the system. The fact that blockchain is open to development is another important plus. The bulky structure of old systems is an obstacle to their development. Blockchain is constantly evolving.


Title: Re: Will Blockchain beat VISA someday?
Post by: guoyu78 on January 13, 2019, 08:10:10 AM
Nope!  But it is inspiring them to push the innovation and maybe in the near future VISA/Mastercard will implement blockchain
You cannot estimate what revolution that technology and science will be having in near future. Blockchain technology may go to any level in near future so that it can surpass visa/mastercards' capacity someday. Just a decade before, I never got chances to think about the payment system which will be having all me needed freedom because I was struggling with paypal and alterpay (now payza) kind of dictators, but technology brought me something new to ensure my peace of mind. Anything may happen in technology developments hence we should expect more things and days to be waiting for us.

The potential is there for Blockchain to scale to many users.
This is the answer for this entire topic. Blockchain will have that capacity on its own or by incorporating some third-party services like lightning network. Moreover one famous quote reads like this "bitcoin transactions are instant but confirmations may take some time".

Like, when there will be an enhancement to be implemented into bitcoin network (for example), we may start trusting bitcoin payments with zero confirmation also. Similar to that, we may have some new enhancement so that we will be having big blocks to accommodate more number of transactions along with backward compatibility, who knows ?


Title: Re: Will Blockchain beat VISA someday?
Post by: jt byte on January 13, 2019, 08:18:01 AM
PundiX and their Point of sales could replace Visa and Mastercard's solutions. But all stores in the world should buy these things.



Title: Re: Will Blockchain beat VISA someday?
Post by: Abiky on January 14, 2019, 03:55:22 PM
Blockchain technology is younger technology than VISA technology's and will keep in development to be much better. Currently Visa can proccess athousand transaction persecond but Bitcoin only 3 transaction persecond. Bitcoin will beat or not with VISA depend on the the development of the technology. That possible if BTC possible to process amillion transaction persecond with low fee transaction.

That's certainly true, mate. While Blockchain technology is still new to the world, it's growing at a fast pace. Eventually, it'll improve to a point where it'll rival traditional payment processors not limited to VISA such as: Mastercard, PayPal, MoneyGram, and even Western Union. The diverse number of scalability solutions available today, makes it possible for Blockchain technology to beat VISA someday. It just needs to gather massive mainstream adoption and regulatory compliance, to outmatch its competitors.

Right now, one technology which looks to be Blockchain's successor is DAG (Directed Acrylic Graph). There are only a few cryptocurrencies in existence which make use of such technology for infinite scalability. Such cryptocurrencies are: NANO, IOTA, Constellation, Coti, and Hashgraph. They have near-instant transaction confirmation times and are virtually free (no fees). This means, that they could overcome VISA in terms of worldwide usage, if people start to adopt them at a large scale.

As for Bitcoin, it will be possible to process millions of transactions per second with low fees using the Lightning Network. SegWit has been activated already, but it still lacks mainstream adoption at a large scale. The process has been slow, but once there are many businesses and companies using SegWit, the Lightning Network could go full steam ahead. Even now, the Lightning Network is in testing phase not ready for the world. Once it does, then Bitcoin could have a better chance of rivaling well-known payment processors in the mainstream world.

Nonetheless, time will tell us what lies ahead for the future of Blockchain technology. Just my thoughts ;D