Bitcoin Forum

^ I don't know if it's connected, it seems that Paypal accepting crypto is already having an effect on other big companies. mass adoption is getting in our sight, tighten your belt we will see the big bull run soon.

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https://www.cryptoglobe.com/latest/2020/11/paypal-ceo-alfred-kelly-we-are-very-interested-in-cryptocurrencies/
https://www.forbes.com/sites/billybambrough/2020/07/24/visa-mastercard-and-paypal-are-changing-their-tune-on-bitcoin-and-crypto/?sh=64604de32a1a
https://cointelegraph.com/news/mastercard-and-visa-are-making-bold-moves-toward-mass-crypto-adoption

I hope that it's something more than Visa's decision to follow PayPal footsteps. The mass adoption is underway, but for most people crypto is a good investment tool only.

This is what I keep saying about paypal adoption and its effect to our crypto market. If paypal succesfully adopt crypto then other large company will follow and it's only matter of time until there's many integration to these traditional finance institution.
Although there's already so many services like debit card that uses Visa but if crypto could be accepted to many banks it will be even better. Just imagine when crypto reaches every corner of the world that's only possible if crypto considered as legitimate.

Of course, the news of the mass adoption of cryptocurrencies is very happy for crypto fans, but I would like to say if Visa will accept bitcoin and cryptocurrencies in the same way as Paypal, then we are in front of a really big problem. We heard a day ago how Paypal has seized the money of one of its users because he did a lot of activity in his account During the buying and selling of cryptocurrencies.
The mass adoption of cryptocurrencies should be like they are with all their features - without restrictions- especially decentralization and privacy, otherwise this mass adoption is not welcome and will never be in the interest of cryptocurrencies.

Paypal really has a smart strategy as the cheapest Bitcoin exchange service platform in the US.  In the Crypto market, most projects and businesses have offices in the US and Wall Street, which has resulted in hundreds of millions of dollars in volume in Paypal.  This service makes Bitcoin more known to Americans, and surely our crypto market will have a large amount of money poured into.
This time the bull run will not only take place in Q4 of 2020 but it may last until the end of 2021. So this is a very good time for us to buy more Bitcoin and top altcoins to hold in the long term.  ;)

Obviously PayPal was the first mainstream payment processor to break the glass ceiling, by integrating Bitcoin to their platform. This has given confidence to the other payment processor such as Visa and Master, to do the same with their platforms. This is excellent news for the adoption and acceptance of cryptocurrency. In the next 2-3 years, I won't be surprised if the user base jumps by 5x or 10x. 

those news are connected. The involvement of VISA and Mastercard in the cryptocurrency will being a very big adoption. I guess the paypal news has been creating a big change to the perspective by all of big companies to the crypto. It seems like those news were legit news and i could say we will see a very big adoption will happen very soon.

Crypto is getting even bigger very soon. VISA and MC have been aiming crypto even before paypal announced its crypto adoption.

The thing with technology advancements is that once one company starts everyone has to follow, even if you don't believe in it 100%. The risk of missing out on a big trend is just too big. In my opinion its a good thing because I am fully convinced of Bitcoin's. Building up an infrastructure to manage cryptocurrency is just logical. And once visa did it, mastercard has to follow.

After PayPal, that gave a go signal for other payment processors. And now, Alfred Kelly the CEO of Visa has also saying good things about bitcoin and that's a good sign.

On cnbc's article, he's acknowledging the feature and attributes of bitcoin, cryptocurrencies. There's already a sign from his words that they'll connect soon.

CNBC: With bitcoin near all-time high, this is where Visa’s CEO sees crypto going (https://www.cnbc.com/2020/11/20/where-visa-sees-crypto-going-with-bitcoin-near-all-time-high-.html)

If Visa has started the use of bitcoin, this is the outcome to PayPal adoption earlier. We are going to have bigger adoption that will surprise the hodlers. There are many more awaiting and 2021 will give more opening to bull when other payment system join the adoption.

Visa will rather implement some blockchain tech in their own soft than will use exsistent cryptocurrency

Indirectly Visa is involved in BTC if you look at some of these Crypto card provider out there some of them are Visa card. I think for some of these companies they have started realizing that they have nothing to lose getting involved in Crypto because the reward to risk ratio is very high

The adoption is getting more traction as more companies began to roll out cryptocurrency services, this is good for long run and healthy growth accumulation. Who knows banks will start rolling out the same services by providing such options for its customers? The growth and rally will be massive.
Libra is coming by 2021 if regulation bodies don't bring up another unnecessary law, PayPal is along the way, I believe cryptocurrency dominance may exceed 1 Trillion if the adoption continues at this sequence  8) 8)
Hope whales don't moves their bags to exchange for sell off, the last week was bad. Market plummet with a - 10% loss.

We have seen this coming a long time ago.

My only concern is that these companies are most likely not into BTC for the long run - they seem to be taking advantage of a fad that exists as a result of a bullish resurgence and market rally in 2020 and beyond. If markets crash, you'll see a lot of these firms withdrawing their interest altogether.

Now that's not necessarily bad, but I don't think it necessarily construes actual adoption. Actual adoption would entail offering a permanent line of business involving BTC transactions or integrating BTC into a diversified portfolio, which no mainstream firms have done thus far.

I have seen this information, it is obvious that this is great for the crypto industry as a whole, and will attract a large infusion of money to the crypto market. It will also increase the number of users of the crypto industry, which may extend the growth of the price of the cryptocurrency market to 2021. We may soon see new price records.

Large scale industries are getting much interested over the bitcoin. Everytime the bull run is kept alive by some big news floating around. This time it's the participation of large scale firms into bitcoin acquiring. If I'm not wrong, it started with MicroStrategy making a big buy. Already we've got some service providers that've developed bitcoin ATM. Visa being a leader in the transaction support on fiat through cards getting interested in crypto will widen the market.

Well, cryptocurrency grows so fast and this has been observed by other companies and wishing to get sales from these events. Since there is a huge money flows in cryptocurrency, a business minded individuals or owners of a certain certainly should decide whether to adapt on it or not to make more sales also in their business. Hence, joining cryptocurrency integrating it to their business is jot really a bad idea and  I see more and more companies will.be joining cryptocurrency soon.

Feels like they're more interested in running a business to milk some crypto opportunity than being interested in helping with the adoption of cryptocurrencies. PayPal has demonstrated that with facts ever since they've announced their so-called "Bitcoin support".

We've had Bitcoin bull runs before, but we've never had such a strong and quick, almost-forced move towards Bitcoin support all of a sudden. This may only be a little step towards the cashless society they're looking forward to create ASAP, because their plan now meets a lot of conditions we did not have before: pandemic, pre-bull run of BTC, adoption rate at an ATH etc.

That’s for sure, they have to adopt or else someone will do it for them left them behind. Visa is a great and huge company as well, i hope for that they will push it through just like what Paypal did and I’m sure many will start to adopt Bitcoin and we can expect more pump in the market.

Those are the old news. It's not clear whether VISA and master card will adopt crypto but as far as i know if they have stated if they wanna try to adopt the blockchain system to be a part of their business.
Paypal's stock has been getting a big surge caused by the cryptocurrency news. That may give the more awareness for more companies to adopt it.
This is about business.

Somewhere, these are all connected. But if what you meant by connection here is that Paypal's decision to accept crypto is the direct cause of Visa's involvement in cryptocurrency, then you are probably wrong.

Paypal allowed buying and selling of cryptocurrency just this November. Visa's involvements with crypto could be traced back well before that. As a matter of fact, the articles linked in the OP which suggest that Visa is already making steps in support of crypto are old ones.

And also, don't forget that Visa has already made a partnership with Coinbase beforehand for the latter's crypto debit card.

I don't know about mass adoption but the only thing I can see Paypal did is an advertising for Bitcoin, because of that they got some pretty decent profit out of it. I think Visa and mastercard has seen what Paypal did and is planning to recreate what Paypal did. I think they are just in to the money but not in adoption. Look at Paypal, they didn't really help with adoption because as you can see, you can't withdraw or deposit Bitcoin there, you can only buy from Paypal itself. You can't even properly trade there or you'll face suspension.

Honestly, Visa were trying to get into crypto months before paypal, by partnering coinbase.
So, paypal might just pushed them to try harder, but paypal wasn't the first one for sure

If that is the case, then cryptocurrency users should be really happy. Visa may have started their work earlier, but it was PayPal which finished it first. So obviously the credit should go to them. I have no idea when Visa will consider integrating Bitcoin to their platform. But it looks as if it may not happen this year. Anyway, 2021 is going to be a big year for cryptocurrency. 

I really adhere via your concerns or comment, yeah although I know that their will be a new innovation concerning what Paypal perform, it will really make bitcoin to be more recognised to other higher companies, so their will competition in bitcoin market, and it's obvious that all cryptocurrency will accelerate via price.

I keep seeing advertisements in my browsers and on my social media for Obsidian.
This is a Visa card where you earn CRO tokens so you can get free services like Spotify, Netflix, and Amazon Prime.

Here is its site- https://crypto.com/en/cards.html

It will be a disaster if a lot of big wig companies adopt blockchain technology and bitcoin in their business model. They will not be in this to fully adopt, they want to copy how blockchain works and try to replicate it and make one of their own. There are companies right now doing this very same thing and I do not think it will a good news for crypto community when the masses are advertised to this company blockchain clone.

I think it's only a matter of time before other big parties and big institutions adapt to crypto. with a trend that is so positive every day and also many famous people who are starting to recognize crypto will begin to accelerate the crypto process into a general currency that might be massively applied

Since its inception, Bitcoin has been considered the only online cryptocurrency. But in all the cases in which it will used, it have beyond the reach of ordinary people. It is the next currency system so PayPal has started to consider some issues. After PayPal, Visa started to support it, which is the beginning of going one step further for Bitcoin. I'm sure of it, in the near future, the proliferation of Bitcoin will be a pioneer in capturing the currency market among all people.

it will be a domino effect in the next coming years. the paypal's move will give confidence to other companies to get involve with crypto. though long-time crypto users will not use this platform, still paypal has other millions of users that may be interested in their crypto services. this will be a good initiation for them in crypto. and once they learn more about btc, and other alts, they will now explore other crypto transactions outside of paypal's platform.
now, with other financial institutions getting interested, noncrypto users will now start to educate themselves regarding crypto so as not to be left behind with these digital currencies.

Well this is a good move that other companies are started to learn or becomes interested in crypto. Massive adoptions that make the price climb in the market. Just like in PayPal adopt crypto, people who have doubt in bitcoin at first becomes more interested to learn how bitcoin works. So with this Visa if in case will happen, for sure we can expect a number of users increase.

hopefully this can make the cryptocurrency industry grow more and more widely so that it can have a good influence on the price of cryptocurrency which can make it expensive.

That bull run was confirmed after we saw many private and public institutions invested in cryptocurrency. When multi-billion dollars company like American Express Company, Banco Bilbao Vizcaya Argentaria, Mizuho Financial Group, BHP Billiton Limited, Oracle Corporation, Tencent Holdings, etc buying crypto then it's not so easy to dump the market. I can mention 50 more big company name that is investing in cryptocurrency. They are not like retail investors who will be happy with small gains.  These companies are here to stay and looking for a big profit.

Many companies will eventually join too, there are already few banks in my country where they accept bitcoin transactions, after PayPal adoption many alike companies might already consider it to do as they may ssem the potential feedback or profit they can get if it will become a trend or if their too good in marketing and creating hype it can be a success too if they will adopt and implement it in their existing services.

If this news will actually be applied by Visa and Mastercard, this is a form of spreading the trust given by Paypal.  The domino effect given leads to a more positive direction where crypto will be used more massively by everyone, even people with traditional concepts.  Paypal's actions will have a positive impact even in the traditional financial business sphere.  They will race to learn crypto so as not to fall behind its competitors.

This is exactly the move they had to make. I mean think about it, these are the guys who are the biggest payment processors, all the credit cards all around the world are either visa or mastercard, and they are so good at what they do that there is absolutely no competition at all for them, those two are just plain old world domination stage at this moment.

If they do not test out blockchain and crypto stuff, they are not going to suddenly start seeing a lot better results, they are going to keep staying at the same level and that means if they end up with absolutely nothing at all some other company could come in and beat them. Hence instead of allowing some third party to grow via blockchain tech, they will take over that and improve themselves so that nobody can reach their level.

Since we are still dependent on fiat money that we use in our daily life, it is very important that PayPal, as well as with bank cards, we will be able not only to buy but also convert cryptocurrency to Fiat. Moreover, if we are talking about everyday life and small amounts, then users have nothing to fear. But if we are talking about larger funds that can be withdrawn from the cryptocurrency into the national currency, then here many will fear for the sanctions that the government may impose or tax percentages, which may not always be reasonable.

Maybe this could happen, but it is still very far from being implemented. Because this requires licensing from a country, and that country makes laws and regulations related to the taxation of BTC assets. However, until now there are still many countries that have not allowed BTC as a legal medium of exchange. But if you buy it as an asset and sell it back, it is unlikely that there will be a tax on it.

We knew it was just a matter of time before this happened, however while this is good news at the same time I think that the adoption that we want is that people begin to use bitcoin directly when buying products and services, I really think that what we are seeing right now with PayPal and now other companies being interested into integrating bitcoin into their forms of payment is a middle step that is necessary to increase awareness and adoption, but we must not forget our end goal, which is that bitcoin is used directly in the purchase of products and services.

visa has been creating a partnership with usdc and you can see that from the latest news in the market and it says that the cooperation will be made to create a new system combined by pp and usdc. it looks like master card will be also following it very soon.

That's very logica. Giant payment service provider, PayPal decided to fully adopt crypto services for 2021, that includes trading and even owning of bitcoin wallet on PayPal. If you want to be in the game, you have to be innovative or at least follow the innovation. In this case visa has to follow Paypal because they took steps in cryptocurrencies and leaving PP alone is very unprofitable for visa. PP, Visa, Mastercard and I think other payment service providers like Unionpay will follow these steps. Massive adoption has begun, it's interesting to see what steps will be taken from Amazon or from Google Pay because PP accepted it and pp crypto automatically means crypto adoption on eBay.

https://markets.businessinsider.com/currencies/news/visa-blockfi-offer-credit-card-rewards-purchases-bitcoin-early-2021-2020-12-1029858094#click=https://t.co/DvZO6i0pvC

Cashback in Bitcoin.

Now for once that really is quite a big deal. Cashback has always been something I've been surprised hasn't been offered by anyone. It's effectively free money to most people so the prospect of a Bitcoin dabble with it would definitely tempt people who otherwise wouldn't have considered it.

It could mean an awful lot of people starting to play if they have that option open to them.

Banks and governments seize money and account freezes all the time but it doesn't stop people from using them.  I think the interest in crypto is a good thing.  Personally i wouldn't use them but it breaks down another barrier for a large group of people who would never jump into crypto.  Those peoe will have to asses their risk appetite of having a company dictate their access to their funds.  Like I said for me its a no go, but more people in the game is always a good thing in my eyes. 

We are expecting this to happen.

Paypal is one of the most popular payment method in the world right now, obviously most of the places, stores or merchant that are using Paypal would consider Bitcoin and maybe other cryptocurrencies too. Paypal is the start of the adoption that we are waiting for, its been a long run.

For PayPal acceptance happen? For sure we will expect this to happen and I think many will come since this big companies will be the who newly accept bitcoins will be the basis of others to determine if they will accept to and once there's no problem will came on paypal as well with VISA for sure we can see the other merchants accept it and no wonder if we can see the giants will came unto the scene.

Big companies are racing for accepting bitcoin. This is a good news to many bitcoin enthusiasts. By accepting cryptocurrencies, we will see a tremendous adoption from around the world

However, i dont think using their servives is a good idea. Bitcoin is based on decentralized system and because od that reason, having bitcoin on a centralized platform can create tons of trouble. If you want to avoid trouble, dont use third party

There are both advantages and disadvantages in using third part services. For example, let's take the example of BitPay. It is a third party payment processor, which enables Bitcoin payments. The user makes the payment in BTC and the vendor receives the payment as fiat currency in real time. This is very convenient for both the user and the vendor.

It's a matter of time before more companies do what paypal did. There's a lot of money to be made in Bitcoin and only a fool wouldn't see it.

Early companies that chose bitcoin like those US stores that accepted it early did it for publicity but those that do it now do it for the profit. In bull market people are more set towards spending and it is going to bring a lot of traffic to payment processors.

well, at the end of this year many large companies are starting to glance at bitcoin again and trying their best to use and adopt bitcoin as a technology for transactions so in my opinion this is good news and we should be able to take advantage of moments like this to buy as much bitcoin as we can.

It is true that owning Bitcoin today is very promising in the future, but to start buying Bitcoin now will require enormous funds. The current price is stretched as high as around 18k USD to 20k USD. You have to prepare a large amount of money to own it. And what is called an investment, has the law of high-risk high return. If you expect a high return, then prepare yourself for the risks that you will face. Bad reality can happen, and a very beautiful reality is also very possible.

The more we see giant companies adopting bitcoin, of course, there will be a higher chance that other big companies will also adopt and follow the trend. And since we are now seeing how visa, MasterCard, and PayPal are showing a positive view towards bitcoin and crypto, I bet we will also see further enterprises accepting and adopting bitcoin as well which is totally good for mass adoption.

Most people seen things when there's already someone who started it. PayPal participation to this industry creates a big impact
to entire business world.

With this actions, they do open a much wider space for more businesses to see this big opportunities to use the system and make it
useful to their business. Expect to see more and more big known businesses to follow this step.

What I'm most interested to see is how these places react when things fly down the toilet again. It's easy to seem like a champ arriving at the foothills of a bull run. The reckoning is when we really learn what they're made of.

Maybe the stunning levels of deadness seen in 2014/15 and to a lesser extent 2018 won't happen again but there will still be a massive downturn in engagement.

They can served as a role model for other big companies to adopt bitcoin and this is a progressive movement for bitcoin's popularity.

Hoping that this kind of adoption will be normalized so that we can see bitcoin bloom once more in the market and economy. I think that this good events happening on cryptocurrency will continue 5 to 10 years from now so that we see the full potential of bitcoin to enter and engage in those businesses that used by the mass and the community.

Now I'm in doubt about something. I saw yesterday Paypal and Visa retreated their partnership with facebook's Libra (Diem) due to politicians and regulators pressure, but now I see the same two giants are adopting bitcoin? ???
Without any doubts the interest for crypto currency is huge, however I see some inconsistencies between the news.

I believe these companies are only looking for solutions to overburdened transactions of world! Let's not forget visa, MasterCard, companies don't just operate in some country but they are global giant network. They work through very very secure private internet protocol. However with ever changing needs of transactions, and overflowing network they will have to find different ways to transact. They won't really use crypto currencies I guess, they will just use the blockchain as their new platform to do summation of their transaction. That's all. Yes, it will be helpful for them as well as the crypto community since it adds up more importance to blockchain and it's existence.

I remember posting on a thread that was discussing the adoption of bitcoin by PayPal. I remember mentioning that PayPal is a big and reputable financial company and its adoption of bitcoin will cause several other companies to follow suit.
It is awesome to know, of course not surprising, that Visa is also taking the giant steps of adopting bitcoin and cryptocurrencies at large.
Although some believe many of these companies are only adopting bitcoin because of the profits they'll make, I still believe that whether or not their aim is to make money, they are aiding the adoption of crypto in the mainstream world which is what every bitcoin enthusiasts want

apparently after Paypal, Visa did not want to be left behind. The adoption this time is indeed very large, where it is not only Visa, there may still be someone waiting behind it, planning to follow like Paypal.
On the other hand, with today's mass adoption, wouldn't that not make bitcoin a rare asset?
will indeed have a wider impact on the bitcoin population and a large increase in volume. but actually I see instability, everywhere we will find bitcoin, without the need to enter the exchange.

It is actually very simple. Libra project is different from Bitcoin. Bitcoin was an original innovation, created by Satoshi Nakamoto in 2008 and first mined in 2009. On the other hand, Libra plagiarized around 95% of the idea (as well as the code) from Bitcoin and tried to dish out their own version of the cryptocurrency. It is similar to what the Chinese used to do two decades earlier. They purchased a couple of Su-33 fighter jets from Russia and then plagiarized it's design to create their own jet (J-15). To their credit, the Chinese exported far more pieces of J-15, than the Russians could ever do with their Su-33. Facebook wanted to do the same, with their Libra shitcoin.

We'll take a look at the "Domino Effect" or "FOMO" of big companies afraid of falling behind following in the footsteps of paypal, visa and mastercard.  let's guess who which big company next!!

Libra developer ambition is only trying to grab and even capitalization the crypto market by trying to collaborate with big companies that have great influence..

Furthermore I was thinking about it and realized the regulators and authorities pressure over Paypal and Visa was regard giving more power to the shady facebook company, so the issue wasn't due to crypto currency itself, what I see as a good thing already. Probably the companies saw facebook currency as bad propaganda and as you said, a plagiarized product with total lack of transparency, as facebook is well known.

PS.: Let's just hope what happened to J-15 chinese jets don't repeat in crypto universe to Libra Diem coin. I wouldn't like to see the plagiarized coin selling more than the original and only bitcoin.

I think it will reflect positively on the price in the face of the development of purchasing methods and the increasing interest of companies.There are companies that have not met Bitcoin and do not know what purpose it is used for. In these companies, of course she will learn over time and I think we will hear positive news.

It's not a surprise that more and more high-firm companies invest in crypto. What was once their huge enemy and something they used to laugh at during business meetings is now their master. This will only skyrocket cryptocurrency's reputation among the masses and in turn its price as well. Truly exciting, as this will open more doors for cryptocurrency to thrive in.

Platforms as big as Paypal must have had a big effect after deciding to accept cryptocurrency, can make other companies
follow Paypal by accepting cryptocurrency too. So if big companies like Mastercard and Visa are finally interested in adopting
crypto, it's no surprise. Even my prediction is the biggest online shopping in the world, Amazon in the near future there is
a possibility to accept cryptocurrency too, if indeed this happens it will definitely make the cryptocurrency price skyrocket.

It is just a process, we can't get mass adoption instanly. There are so many doubt for some companies to dare accepting bitcoin in their service and we have to realized it. We have to differentiate how to think an individual and think of people in groups, an individual we will make all decision by himself.

He will already know what are the advantages and disadvantages he will face once he decides to choose something. Just compare with many people in the group, how they decide to choose something. There are so many ego, there are so many emotion and the person's behavior must ultimately have a decision in a congruent way of thinking. These things will need a long time to decide.

VISA was creating a new partnership with USDC. The paypal's decision to add bitcoin on its service has been making a lot of impact to the various fund management platforms to adopt bitcoin as a part of their portfolios. Let's say about grayscale, microstrategic and many more. These companies have bought a big chunk of bitcoin from the market to be used as long term investment.
When there's a major company started to be involved in crypto and other company will follow.

There's no doubt to that big companies now do already have some thing in mind about bitcoin adoption specially if they have seen that Paypal had already
recognized and adopted bitcoin where they do saw the possibilities about such integration.VISA and others wont be surprisingly be joining the bandwagon
not only limited to big companies but also into those small ones.It doesnt matter if its big or not but  this kind of adoption is what we wanted.
Although not all would really be having that consideration.
Adoption is on the move and for more future years to come then we might see other companies do making the same step.

Bitcoin transactions are much easier with visa and credit cards bitcoin is increasingly getting used to support paypal but if you provide misinformation then the worth of paypal are going to be reduced most are following paypal for bitcoin transactions through visa payment. Visa seems to be the sole thing to follow the mainstream for bitcoin granted excellent news has been provided briefly for digital currency nevertheless within the previous couple of days the worth of bitcoin has risen sharply and before the limit it's been confirmed that mainstream bitcoin are going to be ignored.

Bitcoin payments may be easier for you, but that is not the case with the less tech savvy users (especially the middle-aged and the elderly). They may not be comfortable with the idea of irreversible transactions, volatile transaction fee and delays in confirmation. If PayPal and Visa integrate Bitcoin to their platform, then it becomes easier for these users to make payments in Bitcoin.

This is a good sign that big companies are now starting to acknowledge bitcoin as a form of payment. Sending big amount won't be a hassle to some users as they only have to pay small fees using bitcoin. These can also attract more people to know about bitcoin and gain interests among them.

Indeed. Ever since PayPal started to accept bitcoin and other cryptocurrencies on its network. Huge companies and Visa have also become interested in cryptocurrency because they saw crypto's efficiency in transferring money; even its network is decentralized. It is why bitcoin is continuously raising its price because mass adoption is truly happening.

Adoption! Adoption! Adoption!

We are looking forward for more adoption, and I think that this forum contributes to that because we are getting more familiarized about the importance of bitcoin by sharing knowledges and opinions regarding a certain topic in the economy and blockchain technology. It is very hard to adopt bitcoin when these scamming news is still circulating in the internet. But what can we do about it? Supporting bitcoin and making it become more popular by building its reputation is really a huge help for it to become accepted by many.

Bitcoin has gained more attention in the financial world, the increasing adoption is a good sign for the community, as we can use bitcoin in various sectors as the original purpose of bitcoin was created to be an alternative currency. More adoption means bitcoin value will gradually increase as time goes on and hopefully will be spread widely among people around the world, so we can get a less volatile market.

Yes and also they probably want them juicy fees from facebook users which are constantly in pain because they have to use their bugged non secured service everyday.

I do not think Visa are making the decision because the paypal has also adopted cryptocurrencies. If you check very well, you will see that among the card providers, Visa happen to be the one that have simple and flexible mechanism towards accepting some of the crypto project that are kin to have a crypto debit card. Most of them today either make use of visa card or union pay. AMON Card has been getting not too positive feedback from mastercard . Visa have good business relation with paypal so I believe any decision any of them makes will not be because one makes it. What I was expecting to see is other paypal rivals such as payza, Skrill etc also making cryptocurrency part of the vision they may want to accomplished and this will happen soon

Bull run already started in the month of April or later that is the reason why PayPal got interested in the cryptocurrencies then started to accept buying and selling cryptocurrencies in the platform. Recent the prices are increasing more compared to the previous month show the adoption among the investor started which further pushes to the prices to higher range.

Blockchain probably, because crypto is not something that would work for them, hence I think it is blockchain they care about. Considering blockchain could get them remove all the huge servers and make it super fast (instant) and free to move money around all around the world and keep track of it without any problem at all, that could save them billions of dollars in cost.

However this is not something simple, a company as big as Visa can't just say "lets move to blockchain today" or something, it would require years and years of development and on top of that it would require years of slowly moving from few test places to everyone else. Hence I think it is a smart move but it is going to take years.

They are nowhere near Paypals decision. Visa just partnered with a ethereum network based stable coin (USDC) to facilitate with transactions. But, it still is some sort of good news and shows that the world is ready to adopt and accept cryptocurrencies. Big companies like VISA and paypal knows that this is inevitable and once it becomes mainstream, it will be easier for them to transition and be one of the first ones to dominate the market!

We have a domino effect here companies are just watching on the outcome of PayPal integrating Cryptocurrency in their platform if it's successful then we can see many companies doing the same, we will see merchants adding Cryptocurrency in their platform and making it as one of the option of buyers, things are looking good for us now, and it's only a matter of time.

Already more networks have started to provide cryptocurrency transaction services along with visa. In recent days I saw a credit card powered by visa on crypto.com where users get the access to fill the card with cryptocurrencies. Apart from this on every transaction small percentage of discount is provided back in the form of bitcoin.

The PayPal acceptance is just around one month old. On top of that, they are still in testing phase and Bitcoin won't be available for most of the US users until mid-2021. So the outcome of this measure will be visible only after 6-12 months. Therefore I would expect the other major players to adopt the wait and watch approach, until the outcome is clear from PayPal integration.

Those are old partnerships but this time visa is creating an official partnership with USDC. More institutional came to the crypto and this is also giving a huge pressure for other major companies to adopt crypto too.
It looks like there will be an option to pay something used USDC. Visa will be integrating with USDC.
I saw that news a few days ago. We will see that but I hope Mastercard will come too.

This is all very well BUT
Most of the crypto community, in addition to the exorbitant (this is good) love for cryptocurrency and its total distribution, are very fond of saying that " we all need 146% decentralization and we need to destroy the state so that no one can control money."
And then guys like Paypal and Visa come in and tell you
- Hey guys, we decided that cryptocurrencies are cool and we will accept them and spin them on our processing sites so that it is cool and convenient for you! Let's spread this Apple of Eden together!
But no one even thinks about the fact that in this case, these Paypal or Visa are no longer some visionaries in white armor and with a pure heart, they just want to earn money on it, ban some accounts and thats all. They only interested in fees, and of course they support gov and centralization

This is once again probably about creating this new sort of hype around bitcoin and all crypto. At the end of the day we are talking about Visa here, they can do whatever the hell they want and still make a profit, they are very huge, and if someone else does something and it looks promising, they could just buy them out, they are THAT rich.

Look at all the big companies, mainly tech companies for example, they just let others do something and buy them out directly which makes them worth a lot more, same usually goes for wall street companies too, they just grow big and buy other companies. Visa is not "interested" in crypto, they are interested in making more profit and if they are profiting from crypto, they will be happy about it, they will just not put too much resources into it.

Yeah it's obvious that everyone like fiat currency because it's what we are born with, telling people concerning cryptocurrency it will sounds as a foreign thing in their ear and also sight, so I think they have acclimatized with it that's why they fined it very difficult, so emphasising on tax percentage, it's obvious that every business have to do with tax percentage provided that government is in existence, so I recapitulate this by saying that tax fee is necessary but what we need to consider here is the percentage charge.

This will really help the hype the bitcoin as of now since these big companies are now adopting the usage of bitcoin, these are online financial services and this is also involving money wherein you are making transactions. This will help the hype because as Visa adopt bitcoin, there are more people that will know the usage or essence of using bitcoin, not only that but the opportunity that they can get when they got and understand what bitcoin or cryptocurrency really is. Paypal already adopted the usage of bitcoin and I think that has also an effect on the market price that we can see right now.

As far as I know, the PayPal service regarding bitcoin feels like buying crypto assets in Robinhood because at PayPal Users who buy Bitcoin  they can have the King of Crypto Assets, but cannot move Bitcoin out of other platforms or addresses. have but not completely. however at least PayPal accepts crypto payments is good news. I hope that in the future there will be more options and features. This if PayPal is successful in its implementation will usually be imitated by Visa and Mastercard

This will be good introduction to noncrypto users who are Visa card holders.
Those population is large so if small percentage of that number will be interested in crypto, that will be good for our adoption.
It is only a matter of time before these big financial institutions will give their official statement towards crypto adoption.
And it will lessen the doubt of many users that crypto is used for fraudulent activities. The more they learn about this, the more they will appreciate the presence of crypto.

I'm very much aware that all tech are into investment for the benefit and interest as well as the technology behind such investments.
Bitcoin is now a hot cake that every institution now want to get their self involve with all with sole aim of the profit and not the tech.
Just like the way PayPal integrated in their platform,,l they claim it was backed but I wonder why they didn't directly allow customers to trade real Bitcoin, withdraw and deposit.

Of course they would. This is because more and more big names are deciding to side with crypto currencies, particularly bitcoin. even mastercard is planning to jump in. we can only expect more good news to come since a lot are sure to follow with this trend since after all, it  is always about competition when it comes to big companies or personalities. Which is why I think that we will be seeing more green and more increase in almost all of crypto currencies present since none of these big names or companies would want to be left behind.

Now, it is the time for big institutions and payment merchants to start using crypto and with new institutions jumping in the buying bitcoin, we are set for a the new high in coming time. It could be  big move as well if we hear more big names the market could jump and cross quickly even 50/60k in a matter to weeks. Investors keep holding it and rest of them can buy whenever there is some fall in market.

News related to large companies that are starting to look at Crypto continues to provide a positive stimulus to its price. If measured from the beginning of 2020, the Bitcoin price increase is over 600%. I can't imagine how rich the humans are who keep holding Bitcoin up to this moment.The increase in the price of Bitcoin is inseparable from projects carried out by Paypal, visa, MasterCard, and others. This makes it highly likely that this is not an apparent price increase but is in fact.

There was already news regarding some companies starting Cryptocurrency in large companies. This step is always a big opportunity for Cryptocurrency to step up their credibility since being used publicly that will accept new users is always an opportunity to teach them on what Cryptocurrency is and how does it work. Tesla already started integrating their platform with the option to use Bitcoin as a form of payment.

With Visa creating this move, it will now surely let other companies create a move to research on how they can do to integrate their platforms with Cryptocurrencies too.

Most businesses are aiming to ride along with Bitcoin popularity, they are all after with the money bringing the system into
thier account but they are not really after the sytem itself.

They are after with the  $$ that this investment may bring to them, though if everything will take place and real adoption
are being considered surely it will be more than this,.

After the reception of crypto in PayPal's foundation, other Payment processors begin trusting it, I'm happy that Visa and MasterCard are of them. It's uplifting news for us all since its effect on bitcoin's market and it will consistently stay positive. I accept that bitcoin will be acknowledged worldwide in the next couple of years. All we need to do make a major trust in bitcoin and continue contributing to it

Initially Paypal announced its support to buy crypto. After this news many new retail investors, invested in Bitcoin and a few days ago MasterCard is a also thinking the same but with slight changes in the buying options of crypto. And now if the Visa is also thinking the same, then I think we are very close to Bitcoin mass adoptions.

as expected many companies are in move right now to engage in digital currency businesses. early february tesla corp invested bitcoin worth $1.5M and paypal announces they will probably start exchanges bitcoin in their platform. those big companies has given factor to crypto currency world and other companies will start to invest in.

As I have remembered, Mastercard has already begun to express their interest in adopting cryptocurrencies. I just don’t know if VISA will follow suit after we’ve seen Tesla purchasing $1.5 billion worth of Bitcoin and to include them in the balance sheet, and also Microstrategy planning to purchase some more of that. However, anything is possible like JP Morgan and Paypal’s case. They initially are anti-crypto, but they had a change of heart years later.

Visa is trying to make it work with binance and that could be a big deal, mastercard decided to go at it alone. With Swipe cards visa will be basically dealing with binance, so all the bulk work will be on binance to handle all the information etc etc, basically deal with the customers, and visa will only deal with binance instead, if there is any problem visa will only talk to binance and handle whatever they have to handle, which will make things simpler for them, and that way we will have cards all over the world where we can spend crypto anywhere we go while places will be taking fiat instead and that change will happen instantly thanks to the card that visa helped binance build.

Mastercard will be doing that themselves, they will allow places to accept or exchange crypto instantly using their card, basically this will create a huge mass adoption or at least a reason to hold bitcoin.

Obviously the Visa will be having an interest to the cryptocurrency because all over the world knows that the sudden pump up of bitcoin brought a huge mass adoption on different parts of the world. Visa would like to take the advantage of this in order to ride in the hype that is going on the market, and also it is expected that many businesses and companies will be more interested in cryptocurrency it is because of different people who eventually invest in cryptocurrency just like Elon Musk.

Okay. Here we have the Visa US link where we can explore everything that Visa offers to its users to what they call Visa Crypto Solutions.
I am not living in the US but Visa shows a useful and timely solution just as the bitcoin revolution has started with more confidence around the world. It is associated with BlockFi, Circle, Coinbase, Crypto.com, FOLD and xapo.

IMO Visa was obliged to take this step because blockchain and crypto is an innovative technology and it could not be left behind.

https://usa.visa.com/solutions/crypto.html (https://usa.visa.com/solutions/crypto.html)

I think its a more step with innovation progressions is that once one company begins everybody should take after, indeed on the off chance that you do not accept in it surely. The hazard of lost out on a enormous slant is fair as well huge. In my supposition its a great thing since I am completely persuaded of Bitcoin's. Building up an framework to oversee cryptocurrency is fair consistent.

Visa and other similar companies run little or no risk. They take their percentage of the transaction in any state of the cryptocurrency market. Therefore, for them, using cryptocurrency in their cards is a good profit. Of course, such activities will develop, because they are also mutually beneficial for people. After all, new opportunities are opening up to increase the liquidity of the cryptocurrency. Over time, I think, competition between similar companies will even grow and this is generally not bad.

Really hope this turns out to be true many companies as of recent are planning to adopt bitcoin this is definitely going to lead to a huge development in crytocurrency.Unlike before that many companies and bussiness are not willing to use cryto, today things have change so much and the rate of crytocurrency adoption is increasing daily by both the companies and people world-wide.

At this point, let's not forget the fact that it was PayPal which started this trend of mainstream adoption, when they first integrated Bitcoin to their platform in October 2020. That move triggered the bull rally, which took Bitcoin from $8,000 to $62,000. Now we are down to $35,000, thanks to manipulation from Elon Musk. But the news from Visa, if confirmed should once again take us to $50K. For the ordinary investors, the only thing to do is to store your coins safely and securely and watch the show.

I would say that Paypal was a "news" boom and not themselves a boom. I understand that they have a lot of bitcoins themselves on wallets representing their customers bitcoins, but that alone would have not increased the price of bitcoin all that much. Whereas when we are talking about what paypal news created, that was something huge and that's what I believe was the big deal.

We need to make sure that those great news keep coming and not really bash what they do, if you keep telling paypal that what they did themselves didn't help at all but only the news about it made a change, you are not helping the future companies who wants to do what paypal did. Which is why I think it is really not that bad, everything is looking cool when you look at the past 1 year, obviously it is not really that great that we are falling right now but it is fine for now.

In the end both payments system have to live together in other to provide the best service, there are several other features that is presented in Visa and absent in btc but that does not mean btc is less in value,  the way btc was designed is different than Visa, between I like the idea of having both around which means I can choose anyone that suits me at any given time.

Right, the two must support each other to provide better services for consumers, we know that the nature of visa, although the same is based on electronics, still has shortcomings, so that the decentralized nature of BTC can complement each other

Coexistence is the best course of action for bitcoin and traditional fiat services to go to since there's no point trying to one up another which doesn't benefit any side. It's a good thing that this is happening because it helps the adoption rate go much faster than ever before.

The use of crypto to accept PayPal crypto has increased a lot and its transaction system is becoming easier, so if Visa is added the demand for crypto will increase even more. Not just for bull run but many new companies will adopt crypto which will increase the use of bitcoin a few times.

It will increase the popularity of Bitcoin once Visa also start adopting this system,

after Paypal the usages of crypto creates more interest withing the business sectors.

More adoptions means more investors to start moving to this venue of investment,

it will simply bring the value up if there are more holders to venture to this business.

Cryptocurrencies have been a hot topic for the past several months as adoption by tech companies around the world is increasing. Businesses in other industries have also invested in Bitcoin.
Visa accepted crypto as what they were interested in. I don't think there's any reason why they wouldn't accept cryptocurrencies because people's demand is growing. Visa will have an advantage as a store or provider of cryptocurrency.

A partnership between fiat and cryptocurrency can be mutually beneficial. That said, my suspicion is that nowadays even fiat based payment processors such as PayPal and Visa are getting concerned about the rise in inflation rates. And the good thing is that they are looking towards cryptocurrency as one of the solutions and not towards other assets such gold and platinum. Perhaps they are aiming for some hybrid system between fiat and cryptocurrency, which will keep their business safe from hyperinflation.

If you think about it, credit companies like Visa/Mastercard/Amex have a very strong incentive to corner the market. It is very likely they want to build up an internal eco-system like Paypal, where customers must buy and sell through their services but never have custodianship or the ability to transfer Bitcoin outside of their network. They get the best of both worlds - customers fund the acquisition of an asset, they get to whack on a bunch of fees at different stages of the transaction (buy fee, holding fees, selling fees) while getting control of a cryptocurrency that is directly competing with them. They are already experts in security so the rest of it should be relatively straight forward for them in terms of creating a new revenue stream.

Free market is exactly what you explained, trying to be better than each other. Visa will fight and innovate and be better than bitcoin then bitcoin will try to make something better than visa and this will keep going forever and make each other better.

If visa just steals some stuff like blockchain technology then they are not really trying to get better, they are only making things easier for themselves while providing nothing for others. Not like this will change too much for the humanity, this will only allow them to profit more. You think visa managing to drop the speed or cost of international transactions %10 would mean %10 cheaper for us? That means more profit for Visa.

Mass adoption will surely start anytime soon. Before, PayPal has released the news that they were interested and were planning to adopt cryptocurrency. Then recently, they officially adopted cryptocurrency on their platform which gained a high volume of users trading crypto. This is one of the good effects of PayPal's adaptation of crypto - it urges other companies to do the same which highly benefits the crypto community.

If ever Visa will also follow the steps of Paypal, it will provide a broader reach for different people around the world about cryptocurrency. It will make more people aware of what cryptocurrency has to offer, what are its potentials, and its benefits to the users. This will also be going to be a goal unlocked because there are more platforms to choose from. There will be many alternative platforms to use aside from the existing ones.

However, since this is a platform held by a company, certain policies and regulations apply. I think it would be nice if they would not restrict the user from doing transactions on their accounts regardless of the count and the amount. Since I assume, KYC will be required, they should no longer meddle with the personal business of the account holder.

I've also read that Visa has a strategy to work with using exchange wallets to allow users to buy digital currency with their credentials. Visa also believes that they are in the right place, which could make crypto even more useful and usable for payments. they also mention that crypto is a payment innovation that has potential as a global payment tool. I find this news very encouraging and I'm sure more and more people are interested in cryptocurrencies.

I hope that those words aren't coming out of their arse because these words that they are promising is going to frustrate a lot of people and it could backfire to them if the right buttons are pushed. And if I am wrong about it, the market is going to go to a bigger heights.

Adoption and increase in price have been the major joy in the hearts of many Bitcoiners, of course it is joyful to see Visa getting Bitcoin adopted it is definitely a major news we are likely going to see more giant companies to follow the same process and it is a catalyst to seeing bitcoin perform magic. I just hope more influencers can know about Bitcoin and shadow the FUDs orchestrated by Elon Musk using his twitter account.

Actually, it is not surprising that many large companies are finally interested in crypto, it must be admitted that it all started with Paypal,
which accepted Bitcoin. After that Bitcoin increased in popularity, many companies began to consider adopting Bitcoin. Even many rich people
are getting interested in investing in crypto. In the future there will be more and more positive news that we will find related to crypto.
So don't doubt the future of cryptocurrencies, because there will be many surprises in the future that cryptocurrencies will show. Hopefully Alibaba
and Apple can accept crypto soon, we never know what will happen in the future. Always think positive and optimistic about crypto that we can do today.

This is the way world will shape in the future. I get that some people may not like cryptos but the reality is that we are going to end up with more and more crypto infrastructure in the future as well. It is not just about crypto prices going up, that is a great thing and I am very thankful for it because it allowed me to live a very decent life, however the real thing about crypto is that we are living in a world where more and more crypto is "used" instead of just bought.

Visa is one example, Tesla had it, we had huge companies using it as reserves instead of cash, we are going to have more and more places accepting as well in the future. The bigger it gets the more adoption it will have and that is the main reason why I love it.

However, all members in this forum will be very happy with the good development of Bitcoin but we must not close our eyes and be careless with the fud action that is often rolled into the market just to scare retail investors like us.  Then they buy at a low price.  When the Bitcoin community is strong, the fud that is spread will not be easy to enter so that the bubble threat that is often conveyed by regulators can be resolved.  Bubble can only be overcome by the solidity of the community, not from a rule.  For example, fiat is accepted and not bubbled not only because of the regulations maintained by the financial authorities but how people believe that fiat is their need.  But rest assured, if there are negative issues that are received by fiat users, and they rush money, all banks in the world will collapse.

rejecting crypto today is a setback and visa is realizing that cryptocurrencies are the future and cannot be rejected. Fiat currencies will slowly be abandoned and we will see more and more people using cryptocurrencies to fulfill their life's transactions.

Don't ever think that fiats will be abandoned in the future, fiat will always be there because it's backed by gold by its respective countries and it's the real deal and crypto is digital currency. Perhaps more people are preferring crytpocurrencies as part of their everyday options living in life especially to be a digital currency.

As for visa, they have ne payment system that will accept everything from bitcoin to dollars.

Source: https://www.fool.com/the-ascent/amp/cryptocurrency/articles/visas-new-payment-system-will-accept-everything-from-bitcoin-to-dollars/

They are seeing that the adoption is growing stronger and if they will not jump on board, they will be left behind. But fiat currencies will still remain, a lot of them will patronize the digital counterpart but I don't think they will abandon fiat. Visa, Mastercard, PayPal and other financial institutions will be joining in crypto, but large population will still use their respective fiat currencies.

One method by which Visa expects more people to pay in the future is cryptocurrencies such as a bitcoin, which are rising in value this year near its highest as more financial institutions and investors come to buy.  Bitcoin is the most well -known example, with it seen on a record and visa through digital currency taking on even a bigger role in its businesses in the coming years.

Crypto is theism of new investment, leading in technology and products, applications such as Visa, Mastercard, Paypal in the name of electronic products cannot be without these new technologies, the obsolescence of one company can be satire from another, sometimes accusations of plagiarism and ideas, in order not to slow down and create opportunities for opponents, regular interest updates on new topics is what competing companies do to gain insight into the opponent's response strategy. Fiat does not belong to the technology category, so the more changed technology only complements Fiat, being abandoned in the end can only be technology

The best thing about adoption by Paypal is that it generates a need for other competitors to address the market. Visa, Mastercard, Amex they all need to jump into the ship forcibly or risk the competitors gain a prevailing market quota position that may be impossible or very expensive to address and win later on if one stablishes itself as the category leader and the go-to brand for it.

And what is more, most large companies out there that are into the payments arena are new and growing so they would address this need with even greater impulse and the same strategic need. I am talking Amazon Payments, Google Pay and any other that wishes to be an payments processor.

I don’t know how or where you got to know about that, but for now I do think that they list cryptocurrency that visa would like to accept on their platform would be Bitcoin, because of its volatile nature. For now, it is possible that they will mostly consider stable crypto currencies, such as the USDT, Dai,  and others. And of course, visa is not directly accepting payments in cryptocurrency, and as I did only one coin to their list and that is the USD coin. Maybe in future they would add more, but they are less likely to consider any coin that is volatile for now. Just as the OP has said, it is quite possible that the decision they made was motivated by PayPal.

It's definitely a natural evolution for a card processor to want to get involved in the crypto scene and it is surprising that it has taken them so long. I guess now that Paypal has semi-legitimized the whole idea and there has been no push back from the government, many more financial institutions are ready to take the plunge. Bitcoin and crypto in general is replicating the functionality of these payment card networks so they will certainly want to corner as much of the market as possible, drawing people into some sort of wallet that VISA controls and maybe even restricting it to the level of Paypal where it can only be bought/sold back to VISA. This gives them power over a lot of crypto and allows them to generate transaction fees while minimizing possible legal liabilities.

They need to carefully study before adopting crypto as the risk is high, both financial and regulatory risk, and the latter is definitely their main concern. But now that they are finally here, it's a huge thing to help achieve the adoption we are all hoping for. Visa is one of the biggest financial institutions in the world, for sure some institutions in the same industry will likely follow.

For sure they will but there would lots of consideration and arguments that they would come up with with this kind of decision because we know that they do abide governments rules which means that they would really be most likely be in line with centralization which is a normal approach but as a business then
owners couldn't really deny nor ignore the probabilities on getting more higher revenue if they are trying to adopt or integrate something just like crypto.

Its really good to see  that they had adopted this one even though some people do see it for it to be necessary but at least we are really getting some attention on here.

as time go by, slowly but sure, company who give service to user will follow the future, that cryptocurrent popularity increase more and more. big company will provide good service to new thing, so it can attract people and make it easy for them. they have own profit if do this method.
the other thing is, they have own strategy to increase their salary.