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Author Topic: Visa is getting more interested in Crypto  (Read 1040 times)
verita1
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February 27, 2021, 06:24:51 PM
 #101

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

There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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February 28, 2021, 04:22:00 PM
 #102

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.

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May 24, 2021, 02:27:35 PM
 #103

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.
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.

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cute nmp
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May 29, 2021, 08:44:11 PM
 #104

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.

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bryant.coleman
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May 30, 2021, 02:09:06 PM
 #105

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.
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May 30, 2021, 07:23:12 PM
 #106

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.

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May 30, 2021, 08:29:34 PM
 #107

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.
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May 31, 2021, 02:32:12 AM
 #108

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
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May 31, 2021, 08:29:04 AM
 #109

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.
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.
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May 31, 2021, 02:47:07 PM
 #110

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.
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.
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May 31, 2021, 03:20:54 PM
 #111

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.
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.
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May 31, 2021, 04:39:20 PM
 #112

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.
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May 31, 2021, 04:56:28 PM
 #113

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.

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.
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May 31, 2021, 08:11:41 PM
 #114


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.

R


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May 31, 2021, 08:12:10 PM
 #115

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.
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.
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.
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June 01, 2021, 03:36:46 PM
 #116

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.
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June 02, 2021, 10:19:05 AM
 #117

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.

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zanezane
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June 02, 2021, 02:48:29 PM
 #118

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.

dataispower
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June 09, 2021, 05:30:57 AM
 #119

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.
Shasha80
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June 09, 2021, 06:36:14 AM
 #120

Yeah, it started with Paypal that already accept bitcoin, so other companies also followed it because they see that it became successful and it makes PayPal gain more user than before. This is really good innovation that is related in cryptocurrency, it will benefits the companies that will invest on it or that will allow it in one of their feature and their customer as well.

In the future, we will see more news related to bitcoin, and we will see mass adaption on bitcoin as well.

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.

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