It is high time for traditional financial institutions to see that the crypto industry has matured enough and does not possess high risks.
Visa can be divided into two definitions: the American transnational company that provides payment services and VISA International Service Association, which is an international payment system. There is also Visa Europe Services Inc., which operates with European banks using the official license of Visa Inc. Visa cards are acceptable in more than 200 countries, and by 2018, the annual turnover of trading using Visa has amounted to $4.8 trillion. The organization has the primary role of developmenting innovative payment products and technologies, which are used in 21 thousand financial companies, which are members of the payment system, and its cards holders. In the beginning of the 21th century, Visa had surpassed all its rival and accounted for 57% of all debit and credit cards in the world. Compared with other payment services, the main currency of operations with Visa is the US dollar.
Check out this week’s Bad Crypto podcast.8187
The digital asset is now experiencing what may be a historic rise in acceptance, as the COVID-19 pandemic revealed its needs.6368
Global payment processors Mastercard and Visa are laying the foundations for crypto support that may drive adoption on a global scale.20706
Travala.com’s native token AVA will now be added to the Swipe wallet service and Visa card platform — making it spendable at 60 million merchants worldwide.5869
Another class action lawsuit against Plaid has been filed citing the company violated user data privacy.8242
Zap, the crypto wallet which allows users to purchase Bitcoin instantly via the Lightning Network, raised $3.5M in April, filings show.3718
Binance CEO’s first beta transactions of Binance Card are powered by recently acquired Swipe.10700
Binance will join Swipe’s board of directors, but the firm is “able to run the company independently from Binance.”4328
Visa’s head of crypto says CBDC is the most important payments trend in the next decade.8951
Coinbase’s “data plumber” denies storing users’ login credentials in plain text along with all the other allegations in a new class-action complaint.3286
A new class action alleges that Plaid, which Visa recently bought for over $5 billion, had unparalleled access to the financial information of millions of users.6990
WhatsApp’s payment features have been suspended in Brazil less than one month after the Facebook-owned app rolled them out.6323
Swiss DeFi startup Eidoo partners with principal member of Visa Europe to issue a new Visa crypto debit card.16103
After expansion across Europe, Crypto.com is now set to roll out its MCO Visa Cards in Canada.14475