Visa is getting more interested in Crypto

[uneng]

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.

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.

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.

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[GrinZ]

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.

[CarnagexD]

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.

[BuNga_cute]

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.

[Ridwan Fauzi]

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.

[TastyChillySauce00]

We hope one after one will accept BTC. It is a process that some companies follow the other. Paypal shows the brave step by accepting crypto to their payment method. So after doing this inspired others to take steps forward. We want to hear this type of news.

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.

[dunfida]

^ 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.

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

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.

[Salauddin1994]

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.

[bryant.coleman]

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.

[xSkylarx]

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.

[Kong Hey Pakboy]

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

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.

[Latviand]

We hope one after one will accept BTC. It is a process that some companies follow the other. Paypal shows the brave step by accepting crypto to their payment method. So after doing this inspired others to take steps forward. We want to hear this type of news.

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.

[CyberKuro]

^ 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.

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

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.

[petuel]

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..

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.

[thesmallgod]

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

[Findingnemo]

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.

[el kaka22]

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.

[adzino]

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.

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!

[pilosopotasyo]

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.

[Vaskiy]

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.