VISA

The Bitcoin payments company Strike has partnered with Visa to integrate a ‘Visa card’ into its wallet app. This will allow Strike users to pay for goods and services in Bitcoin with any Visa-accepting merchant.  In a tweet on Thursday, Strike revealed its new Visa card, which it called the “Strike Card.” “You can now take Strike anywhere and earn rewards on everyday spending,” explained the company. The card rewards users with incentives for every purchase and charges no added…

Following its invasion of Ukraine, sanctions on Russia are becoming more and more devastating. Recently, payment providers decided to block money from coming in and out of the country.  The pressure is mounting on crypto companies as well. Last weekend, payment processing giants Visa and MasterCard joined PayPal in suspending cross-border payments for their Russian clients. The decisions are set to comply with sanctions of NATO and other western countries, where these companies have their headquarters in. The largest credit-card…

Who said Bitcoin is bad for payments? The 6th edition of Visa’s Global Back to Business study found that nearly a quarter of small businesses plan to accept crypto transactions in 2022 – including Bitcoin. Rapid Crypto Adoption Incoming? According to the study, 82% of small and micro businesses (SMB’s) will accept some form of digital payment option this year. Meanwhile, 73% see getting new forms of payment as essential for growing their businesses. “Of those surveyed, 24% said they…

Visa understands where the financial payments of the future are heading. Furthermore, it does not hesitate to inform its clients about it. For example, the payment giant is launching crypto consulting and advisory services to help clients navigate the novel crypto world. This shortly follows the launch of another Visa initiative to familiarize artists with NFTs. Crypto Consultation With Visa The advisory practice will be housed in Visa’s consulting and analytics division, as reported by CNBC. It will provide retailers,…

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…

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) 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…

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…

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!…