Visa Launches Educational Program to Support the NFT Creator Economy

Payment giant Visa has taken many steps towards building out cryptocurrency payment infrastructure. Today, they furthered their endeavors in the crypto industry by launching a program to support NFT artists. Visa Partners With Micah Johnson Visa announced their new project in a blog post on Tuesday, showing enthusiasm for how the NFT industry is lifting artists. They give the example of Micah Johnson, and a former MLB player turned NFT artist. Micah quit his MLB career in 2018 and was…

Paypal and Visa Join Blockchain Capital’s Funding Venture to Raise $300 Million

Blockchain Capital, the pioneer of distributed ledger technology, managed to raise $300 million during its fifth fund venture, which ended on 21st June 2021. Blockchain Capital's venture fund includes two major companies- PayPal and Visa, who pose as limited partners looking forward to working with the blockchain entity.  PayPal's General Manager of blockchains and crypto mentions that the company aims at making cryptocurrencies more accessible and secure to its customers. Therefore, onboarding the new fund by Blockchain Capital will allow…

Bitcoin (BTC) Worth More Than JPMorgan Chase and Bank of America

Bitcoin (BTC) rapid rise in 2021 has been remarkable, with the leading coin hitting a new all-time high on Friday. According to the latest stats, Bitcoin is worth more than the two largest banks in America combined.  Bitcoin Market Cap Nears $900 billion. Bitcoin’s price has rebounded in the past few days after initially trading around the $42k mark on Monday. Buoyed by the news of institutional purchases of BTC, the price pumped to $48,000 on Thursday. A quiet push…

Visa Set To Launch Crypto API For Banks To Offer Crypto Services

Payment processing giant Visa has announced that it is working on a crypto API program that will enable banks to offer cryptocurrency services. This was revealed in a press release on Wednesday and could herald a new era for the payment company.  Major Step Towards Crypto Integration  Visa has partnered with First Boulevard, a Kansas-based digital bank, to pilot the crypto API program. Bitcoin and crypto custodian Anchorage will hold the bitcoin and cryptocurrencies on behalf of Visa clients. The…

Why Payment Giants Like VISA and MasterCard Finally Embrace Cryptocurrencies

Since its early days, the cryptocurrency market has been looking towards national governments to facilitate global adoption. However, they may have been barking at the wrong tree all along. New state regulations for crypto use and blockchain implementation are necessary. But, their application is tediously slow. Global payment processors like Mastercard and Visa can accelerate the process. Their latest projects show that they are finally ready to embrace cryptocurrency. Why now? Well, that’s what we’re trying to find out today!…

Visa Files an Application Towards the Development of its Digital Currency

Visa is planning the development of its digital currency on a blockchain as it filed an application with the U.S. Patent and Trademark Office. The application by the financial giant was filed on November 8 last year and based on an application released May 14, inventors Simon J. Hurry and Alexander Pierre with the Visa International Service Association in San Francisco have sought a patent for a digital currency recorded on a blockchain and controlled by a central entity computer. The…

SWIFT Mulls The Development of A Frictionless Payments System For SMEs

Small and medium enterprises (SMEs)could soon find it easy to conclude their transactions. This follows global payments giant SWIFT's announcement that would make instant payments available to SMEs.  SWIFT, says it intends to be at the fore of global A2A and B2B transactions. The firm is taking on Visa, MasterCard, and emerging fintech ventures, for example, Ripple.  The decision to venture into space was arrived at in a last month's meeting of the firm’s Board and Executive. The decision is…

Visa, The Global Payment Giant, Purchases Plaid

On the 13th of January 2020, a press release announced the acquisition of Plaid by Visa. To acquire the technology company, the payment giant paid $5.3 billion. Some time ago, Plaid came up with a network allowing easy connection of users’ financial accounts to the apps they utilize in managing their finances. Plaid’s products allow users to share financial information with numerous apps and services. Coinbase also uses plaid’s services to get the banking information of customers. The crypto wallet…