Stablecoins gaining traction in cross-border payments: Report
The Bernstein report notes that payment giants like Visa and PayPal and regional fintech firms are increasingly using stablecoins to transfer value globally.
Latest VISA News
Interbank pilot from Goldman, Visa, and others proves blockchain utility
As the world slowly realizes that most "cryptocurrencies" have no value, the shift will focus on how immutable ledgers such as the BSV blockchain can revolutionize areas like finance and banking.
Fintech and Visa vs. Mastercard
Visa and Mastercard remain the giants in the payments industry despite having different business models, but with the evolving financial landscape, will they be able to maintain this?
BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms
The Bank for International Settlements general manager and the governor of South Korea’s central bank talked about the need for CBDCs, with both voicing concerns about Visa and Mastercard stablecoin.
Visa sets up $100M fund for AI commerce, payments
Visa has acknowledged the possible use of generative AI in the financial sector, announcing a $100 million fund to support companies venturing into payments and the tech.
Visa: Blockchain is entering its ‘broadband era’
Just like the internet, blockchain will take over payments despite being dismissed and that it’s leveraging multiple blockchains for payments, according to the payments processor.
Nigeria leads the world in digital asset awareness at 99%: report
The report says 67% of internet users want to own their data, and 4 in 5 want control over their online identity, with Nigeria, South Africa, and Brazil leading in awareness.
Brazil central bank selects Visa, 13 other banks for new CBDC pilot
Each of the selected firms will assist Banco Central do Brazil in experiments testing the instant settlements of government bonds amongst customers from different financial institutions.
Visa unveils blockchain-backed CBDC project for Brazilian farmers
Farmers appear to be the target market of Visa’s new CBDC project, noting that they contribute a large chunk of Brazil’s GDP and are in dire need of new financing options.
Public blockchains—the other option
Public blockchains also provide enterprise solutions despite its issue in scalability, and despite the popularity of private blockchains in businesses, it also has its fair share of woes.
Barry Silbert was bullish on Bitcoin BSV—even in 2014
Barry Silbert was bullish on bitcoin in 2014; however, in 2017-2022, he turned to a multi-chain and speculation/trading-based investment strat, leading to one of the major bankruptcies of this bear market.
Visa delves deeper into virtual currencies with trademark applications
Competition in the payments industry heats up as Visa looks to become a key player in the digital asset sector, filing two trademarks that will tap into NFTs and the metaverse.