Visa Inc. shares overall interest in blockchain launching a research office in India while Deutsche Bank and Forbes publish posts supporting the idea of applying the technology to financial sphere.
Recently, the payment giant has been testing different ways to get over the existing obstacles and check if it will be able to accept settlement payments made using stablecoins on the Ethereum (ETH) blockchain.
Both Visa and Mastercard are strong market players. And it is up to you to decide which one is a better buy now. In the long run, both seem to be a good way to invest.
Few months ago, we were witnessing the warnings from analysts that Visa and Paypal will possibly be squeezed out from the market from Bitcoin and other cryptocurrencies. Be as it may for Paypal, but VISA Inc. is building a new “Crypto Team”.
Visa’s distributed ledger platform, B2B Connect is integrating open-source blockchain code from the Hyperledger Fabric to provide clients with a groundbreaking payment network.
Visa’s blockchain-based B2B project is gaining massive popularity in Asia. Thailand’s fourth-largest bank, Kasikornbank, has signed on to test the platform, which aims to increase transparency and efficiency in the world of cross-border corporate payments.
Mastercard demonstrates its interest in the distributed ledger technology adding three blockchain APIs to its developer site.
The collaboration is intended to reduce costs and speed up settlement time for transferring funds between banks.
According to Visa, the year of 2015 has been definitely the year of the blockchain.
Visa Europe Collab, Visa Europe’s innovation hub, teamed up with Epiphyte to work on the new proof of concept for blockchain-based international remittance services.
Visa have introduced a new proof-of-concept that will make it easier for people to lease a car without leaving a vehicle, thanks to a combination of Visa, DocuSign and blockchain technology