Will Blockchain beat VISA someday?

[bolbau]

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

[jubilarian]

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.  

[oppo070]

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.

[muslol67]

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.

[Bitbtc8]

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

[mitsos2017]

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)

[asriloni]

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.

[NJB18]

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.

[truongdhnh]

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.

[wayancrypto]

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.

[avarnet]

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

[Kiir]

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.

[travwill]

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.

[Ycekezuv]

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!

[Yamifoud]

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.

[uniquark]

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

[makerst]

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.

[TarzanNJane]

Nope!  But it is inspiring them to push the innovation and maybe in the near future VISA/Mastercard will implement blockchain

[Whaletale]

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 .

[GGmith]

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