Visa, Paypal Say They’ll Pay $10 Million to Run ‘Facebook Coin’

Big companies like Visa and PayPal are reportedly willing to pay millions for the privilege of running a node on the Facebook cryptocurrency network. Facebook’s foray into crypto has been met with mixed reaction. Some are hailing it as the next step in a global financial revolution, while others have expressed concerns over the company’s […]

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Bad News For Ripple As Visa Enters Cross-Border Payments Market

Visa has launched a blockchain-based platform for cross-border payments between financial institutions. This sees it enter the increasingly crowded marketplace that Ripple has been trying to carve for itself. Visa’s Blockchain-Based B2B Connect Payment processing giant, Visa, launched a business-to-business platform to enhance the efficiency of cross-border transactions for smaller financial institutions. Traditionally, smaller institutions have had […]

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‘Facebook Coin’ Will Be More Like Bitcoin Than Starbucks Rewards, Says Analyst

Speculations about the purpose of Facebook’s planned digital coin are getting wilder. Ignoring key features like independence and decentralization, one analyst predicts that ‘Facebook Coin’ would look more like Bitcoin or Ethereum than your Starbucks reward points. Facebook Coin Might Encourage Viewing Ads With growing interest, many are trying to envision Facebook’s planned ‘FaceCoin.’ Lacking […]

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Visa Hiring Blockchain Expert for ‘Visa Crypto’

Visa is hiring a Technical Product Manager for its Fintech division, according to a recent job listing on SmartRecruiters.  Visa Crypto American multinational financial services giant Visa is taking the “if you can’t beat ’em, join ’em” strategy when it comes to cryptocurrencies. In order to not be left behind by the promise of high-tps […]

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Analyst: ‘Bitcoin Poses Existential Threat To Visa, Mastercard, and Paypal’

Investors should not ignore cryptocurrencies’ threat to incumbent payment services like Visa, Mastercard, and PayPal, according to Lisa Ellis. In a note to clients, the MoffetNathanson analyst said that emerging use-cases could pose an existential crisis in the future. As Ludicrous As It May Sound “Why would I ever buy coffee with bitcoin?” asked Ellis, before […]

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Major US Retailer Ditches Visa – Now Considering Bitcoin’s Lightning Network

US retail giant, Kroger, is no longer accepting Visa credit cards at its chain of Smith’s food and drug stores. So Anthony Pompliano tweeted an offer to hook them up with Bitcoin’s Lightning Network nationwide. Fees-a Not Accepted Here It all started on Friday when Kroger announced the move to no longer accept Visa credit […]

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Visa, Mastercard Plan To Increase Transaction Fees; Cryptocurrencies Don’t

Visa and Mastercard are planning to increase transaction fees for US merchants who accept card payments, Reuters reports. The hikes, which come into effect in April 2019, are likely to further damage already the fragile relationship between payment providers and merchants. Fees-Us Christ According to sources, the increases will firstly affect interchange fees, which merchants pay their banks when accepting a […]

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Satoshi’s Vision ‘Not a New VISA’ But An Alternative to Banks, Says Dan Held

Bitcoin creator Satoshi Nakamoto wanted it to be an “alternative to banks,” not a “new VISA,” cryptocurrency veteran and former Blockchain executive Dan Held has said. What’s In A ‘Vision’? In a series of tweets January 14, Held became the latest well-known figure to take issue with pundits who claim Bitcoin’s intended purpose is primarily […]

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Cambodia Expected to ‘Follow Venezuela’ With National Cryptocurrency

Wilma Woo · March 5, 2018 · 7:00 am Venezuela issuing its Petro cryptocurrency has inspired Cambodia to release its “own cryptocurrency,” according to the local Blockchain industry. Entapay ‘Can Replace VISA’ for Cambodia A press release for the country’s forthcoming ASEAN 2018 BlockChain Summit, which will take place in the capital Phnom Penh March […]

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