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Author Topic: Visa is getting more interested in Crypto  (Read 1035 times)
shield132
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December 02, 2020, 11:03:09 PM
 #41

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.

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December 03, 2020, 01:37:41 AM
 #42

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.
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December 03, 2020, 02:51:58 AM
 #43

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.

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. 

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December 03, 2020, 03:39:42 AM
 #44

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.
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December 03, 2020, 12:12:03 PM
 #45

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.

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December 03, 2020, 12:34:41 PM
 #46

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
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December 03, 2020, 01:18:02 PM
 #47

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.
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December 03, 2020, 02:02:59 PM
 #48

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.
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December 03, 2020, 02:23:13 PM
 #49

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
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.

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December 03, 2020, 02:43:41 PM
 #50

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.
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December 03, 2020, 02:55:07 PM
 #51

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.
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December 03, 2020, 02:56:59 PM
 #52

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.

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.

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December 03, 2020, 03:01:40 PM
 #53

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.

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.
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December 03, 2020, 03:11:10 PM
 #54

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.

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.

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December 03, 2020, 03:52:00 PM
 #55

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? Huh
Without any doubts the interest for crypto currency is huge, however I see some inconsistencies between the news.

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December 03, 2020, 04:04:40 PM
 #56

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.
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December 03, 2020, 04:20:41 PM
 #57


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

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December 03, 2020, 05:00:38 PM
 #58

^ 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.


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.

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Vishnu.Reang
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December 03, 2020, 05:13:06 PM
Merited by uneng (1)
 #59

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? Huh
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.
Chrystora123
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December 03, 2020, 05:31:33 PM
 #60

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!!

snip..
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.
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..

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