Visa has applied with the United States to create digital currency on a blockchain. Department of Patent and Trademark. Inventors Simon J. Hurry and Alexander Pierre, along with the Visa International Service Association in San Francisco, pursued a patent for a digital currency based on a blockchain and operated by a central entity machine, according […]
Coinbase Card users owning supported Android phones can now avoid using the physical card. Through an integration with Google Pay announced on March 17, the card can be emulated by a mobile phone. The Coinbase Card connects a holder’s cryptocurrency balance on the exchange, which is then used for spending crypto via an instant conversion […]
Coinbase is now a principal member of VISA, according to the Feb 19 announcement. This will allow it to issue debit cards without relying on third parties. The membership is an evolution of Coinbase’s current relationship with VISA, with the cryptocurrency exchange providing a Visa debit card. Called Coinbase Card, it allows customers residing in […]
Remittances giant MoneyGram announces a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple aren’t involved. MoneyGram recently makes FastSend public. It’s a brand new service that allows its customers to send money in real-time to a phone number via a dedicated website or mobile application. Still, the firm’s answers […]
Blockchain-based Visa Token Service (VTS) is all set to launch this year by the world’s largest digital payment platform, Visa. With this release, VISA will process a combined eCommerce volume of $1 trillion. The Visa simplified online checkout experience will replace Visa Checkout in the US starting in January 2020. And will continue to expand […]
The subsidiary blockchain arm of the Chat giant LINE, LVC Corporation has obtained a license to operate a cryptocurrency exchange in Japan. The exchange, BitBox will thus offer crypto trading pairs with Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and XRP…
The operator of fintech services of the LINE messaging app, LINE Pay has partnered with Visa, an American payments service. Together both the firms are going to work on a blockchain based payment Service This will develop new innovative solutions for global payments, fund transfer platforms, and blockchain-based projects. The users of the Line App […]
Facebook has acquired ChainSpace, a blockchain startup, as a part of its plan to expand the blockchain team. The acquisition has taken place with main focus on the skills or expertise of Chainspace staff, rather than its technologies or products. Per the acquisition, Facebook has hired four researchers from ChainSpace’s team who worked on its academic whitepaper.
Mitsubishi UFJ Financial Group, one of the largest banks in Japan, has partnered with Akamai, an American internet startup, to build a blockchain-based payments network in Japan before the 2020 Olympics. As per sources, the blockchain-based platform is expected to ease faster cross border transactions carrying out a million transactions per second.
The CEO of Visa, Al Kelly, said that the company could support crypto in the future if the market will show potential acceptance to all crypto coins as is the case now for Bitcoin and Ethereum. He opined that as of now reserve currencies are the base of all Visa products and cryptocurrencies as an asset is not a threat to them. Therefore, the company is not in a hassle to look for the possibilities of technological integration.