Visa achieves over one billion tokens in Asia-Pacific; enhancing digital payment security
Visa announced that its Visa Token Service (VST) has issued over one billion tokens in the Asia-Pacific region as of March 26, marking a notable advancement in digital payment security and efficiency. VST, introduced in 2014, is designed to safeguard consumer information during digital transactions by replacing traditional 16-digit credit and debit card numbers with […]
Visa partners with Web3’s Transak to enable crypto withdrawals via debit cards in 145 countries
Visa has joined forces with Web3’s Transak to pioneer a seamless bridge between cryptocurrencies and fiat currencies. This innovative partnership marks a significant step towards mainstream adoption of digital assets, as it enables crypto enthusiasts to withdraw their digital holdings through debit cards in an unprecedented 145 countries. Visa continues its crypto revolution Visa, a […]
Visa revolutionizes customer loyalty with launch of Web3 engagement platform
Visa has launched its Web3 Loyalty Engagement Solution, a platform set to revolutionize customer loyalty programs. This initiative marks a notable advancement in how companies can foster customer engagement and loyalty in the digital age. Redefining customer engagement with Web3 technology Visa’s new loyalty program, designed in collaboration with SmartMedia Technologies, leverages Web3 technology to […]
Visa and local banks finish digital dollar test in Hong Kong
Visa, a globally renowned payment processor, has successfully navigated the intricate waters of digital currency through the conclusion of a pivotal pilot program of the digital dollar in collaboration with HSBC and Hang Seng Bank under the umbrella of the Hong Kong Monetary Authority. The undertaking, labeled e-HKD, pivots around the innovative concept of deposit […]
Tourists can now use their Visa and Mastercard to top-up their wallets on the e-CNY app
The e-CNY app now enables tourists to recharge their wallets using Visa and Mastercard by providing a prepayment option. Visitors to the People’s Republic of China can recharge their Digital Yuan Wallets using the master card option currently offered by the e-CNY app. China is among the countries that have adopted the use of the […]
Visa expands stablecoin settlement to Solana, partners with Worldpay and Nuvei
Visa, a global leader in digital payments, has expanded its stablecoin settlement capabilities to include the high-performing Solana blockchain. The move comes in partnership with merchant acquirers Worldpay and Nuvei, aiming to modernize cross-border money movement and offer more payment options to merchants. Pioneering stablecoin settlements across blockchains Visa’s latest expansion is part of its […]
Visa explores credit card payments for blockchain gas fees
In a significant step towards enhancing user accessibility to blockchain transactions, Visa, one of the two major credit card networks, has announced successful trials of a pioneering payment system. This innovative approach allows customers to settle on-chain gas fees using conventional fiat currency, eliminating the need for holding Ethereum’s native tokens solely for covering gas […]
Microsoft and Visa sign up for Brazil CBDC pilot
In a remarkable stride towards digitization, Brazil’s central bank is steering the country towards the integration of a digital version of its national currency, the real. The Banco Central do Brasil has unveiled plans to inaugurate a central bank digital currency (CBDC) pilot project, garnering significant interest from a diverse range of participants, both domestic […]
Hong Kong enlists HSBC, Visa, and more to test digital currency
Hong Kong has taken a step towards digital currency innovation with the launch of a pilot program to test an electronic version of the Hong Kong dollar, the e-HKD. The city has enlisted 16 firms, including banking giant HSBC Holdings Plc, the local branch of Bank of China Ltd., Alipay, a leading e-payment provider, and […]
Binance reportedly lifts certain restrictions for Russian users
Binance, the world’s leading cryptocurrency exchange, has reportedly removed some restrictions on its Russian users, according to local crypto media. Reports indicate that Russians can now use their bank cards for deposits, and the exchange has eliminated a balance limit previously imposed in line with European sanctions. Russian Bank cards, including Visa and Mastercard, accepted […]
Visa uncovers the dark side of token bridges – What to know
Visa, one of the world’s largest payment processors, has released a report on payment fraud disruption in the past six months. The report revealed that threat actors have been using novel technologies and techniques to conduct fraudulent schemes, particularly in the area of transaction authentication. The report also highlights the vulnerability of token bridges to […]
Visa Head of Crypto denies crypto slowdown; says Visa will continue to partner with crypto companies
Cuy Sheffield, Head of Crypto at Visa, took to Twitter to refute rumors that the payment giant was halting its digital asset initiatives. He clarified that the company’s long-term strategy with cryptocurrencies has not changed, and there were no plans to pause any current partnerships with digital asset companies in the near future. Visa’s Cuy […]
Visa and Mastercard delay crypto launch—what does this mean for the future of digital currencies?
The crypto industry took a hit in 2022 following the bankruptcies of significant players FTX and BlockFi, sending shockwaves through investors and sparking increased regulatory scrutiny. Both Visa and Mastercard have decided to delay the launch of certain products and services related to crypto until market conditions improve and the regulatory environment is more favorable. […]
Wirex signs global partnership with Visa to expand its crypto footprint in Asia-Pacific and the U.K.
Wirex, a cryptocurrency payments app, announced earlier today that it sealed a comprehensive partnership with renowned credit card provider Visa. This new agreement will allow Wirex to expand its services in the United Kingdom and Asia-Pacific. With this ground-breaking collaboration, users can now enjoy greater convenience regarding crypto transactions. Wirex has achieved another impressive milestone […]
Visa makes a bold move into the crypto world with stablecoin settlements
Visa, the multinational payment company, has set its sights on a new frontier in the world of digital assets and blockchain technology. At the StarkWare Sessions 2023, the head of the company’s cryptocurrency section, Cuy Sheffield, discussed the organization’s most recent business endeavors. The company’s ultimate objective is to enable users of its platform to […]
Huobi is going to launch its ATM card in partnership with Visa
One of the most prominent cryptocurrency exchange platforms in the world, Huobi Global, owned by Justin Sun, has made an announcement regarding its plans to introduce the Huobi Visa Card, the company’s very own global ATM card, in partnership with the payments giant Visa. During the initial rollout, the Visa card will be made accessible […]
Visa’s plan to enable automatic bill payment through cryptocurrency wallets
Quarter 3 had seen so many rises and falls in the crypto market, whether in the form of the FTX and Alameda crash or the biggest banks planning to launch their digital currencies. The news that Visa is considering ways to enable automatic bill payment through cryptocurrency wallets could be the best news for crypto […]
FTX partners with this payment giant to provide crypto payments
Sam Bankman’s FTX crypto exchange platform recently announced a major partnership with the Visa payment processing platform to permit crypto payments to 40 countries across the globe. The moves come as no surprise from Sam Bankman, who has repeatedly expressed his view about Bitcoin and other cryptocurrencies being used as payments. The announcement revealed that […]
Visa promotes crypto shopping in Dubai with the new Bitcoin-backed TDC
As crypto trading grows in popularity, large financial institutions like Visa see the perfect opportunity to get involved in the technology. Although virtual commerce is going through an unfavorable time, this has not prevented the creation of new projects based on it. According to the Arab media, the Visa company would launch a crypto TDC […]
Cardlytics joins forces with Crypto.com to offer rewards
TL;DR Breakdown • People registered on crypto.com can receive rewards from today.• Cardlytics shares have risen over 2 percent in the last few hours. The Crypto.com cryptocurrency exchange has recently discussed its partnership with Cardlytics. The exchange will enable rewards programs for all those with Visa cards available on the platform. Crypto.com stands out as […]
Visa taps Micah Johnson to empower creators in NFT adoption
TL;DR Breakdown Visa is partnering with non-fungible token (NFT) innovator Micah Johnson to empower creators to adopt the technology. The partnership seeks to equip digital creators with what they’ll need to thrive in the creator environment. Visa is partnering with Micah Johnson to push for crypto adoption within the creative economy. The firm has confirmed […]
Currencycloud: Visa acquires fintech firm to enhance cross-border payments
TL;DR Breakdown Visa acquires Currencycloud to enhance cross-border payments. Other payments networks trying to acquire fintech firms. Leading payment giant Visa continues to expand its presence in the cryptocurrency space as it announced the acquisition of United Kingdom-based fintech firm Currencycloud. Announcing the obtainment of the fintech firm, Visa noted that the acquisition is aimed […]
Canada to get Crypto.com’s successful new Visa Card
Crypto.com’s popular new Visa Card will be made available to users in Canada. The Visa Card has already seen success in Singapore, Europe and the United States. CEO of Crypto.com Kris Marszalek says Canada has shown enthusiasm for cryptocurrency. Crypto.com’s popular new Visa Card will be made available to users in Canada. Cryptocurrency exchange Crypto.com […]
US Justice Department against Visa for turning into a monopoly
US Justice Department files a lawsuit against Visa for turning into a monopoly. Visa, Acquired Plaid, which the United States Department of Justice (DoJ) is filing a lawsuit against because they believe it is an illegal activity. What makes Visa’s move illegal is that acquiring Plaid means it has attained a monopoly. US Justice Department […]
Mulvaney and banking giants are joining the Chamber of Digital Commerce
Mulvaney, Visa, Goldman Sachs, and Six Digital Exchange are new members of the Chamber Mulvaney’s role will be vital in lobbying Congress The latest joining of the banks and individuals to the Chamber of Digital Commerce shows that crypto is widely supported Mulvaney, Visa, and Goldman Sachs are now the part of the leading blockchain […]
Crypto adoption to surge with Visa, Mastercard boost
Global payment giants, Visa and Mastercard recently have been making giant strides to improve crypto adoption and payment process support. Both payment giants have done this by activating new options for users across the world to make payment. Visa, alongside Mastercard, announced projects and partnerships to enable crypto last month; this announcement has driven crypto […]
Visa advance crypto approach to back new form of commerce
Cryptocurrency has since its development has continued to gain traction until now and continued to do so. Global payment firm Visa is the most recent to show support for cryptos revealing its views and aspirations for crypto coins. Visa published a blog post recently stating that they are ready to deliver value to people, businesses, […]
Facebook suffers another blow as Brazil bans WhatsApp Pay
Facebook’s recently launched WhatsApp payments services called WhatsApp Pay has suffered a significant setback as the central bank of Brazil announces its suspension over regulatory and security concerns. For this social media giant, it is crisis after crisis with no dearth of regulatory hurdles. After frantically updating the whitepaper of its ambitious digital currency project […]
Centra Tech founder lands in jail for $25M crypto scam
Robert Farkas, who co-founded Centra Tech, a crypto firm said to have been in partnership with Visa to issue debit cards for cryptos, has been sentenced to jail for seven years after pleading guilty to a $25M ICO scam. The sentence was passed in a federal court in Manhattan after Farkas pleaded guilty to the […]
Buy crypto with Visa Card feature on Binance.US for Cardano and 0x
U.S. users can now buy crypto with a Visa card thanks to a new feature on Binance.US. The crypto exchange, which is part of Binance has added Cardano (ADA) and 0x (ZRX) to their altcoin offerings in addition to twelve other cryptocurrencies on offer. What’s more; the transactions are instant. With the ‘instant buy’ function […]
Visa digital dollar patent application revealed
Visa digital dollar is in the offing, the U.S. Patent and Trademark Office has revealed. Visa is working towards creating a digital currency that will be powered by a decentralized computer. This will ride on the blockchain technology and the patent will not only cater to the dollar but other major fiat currencies. If granted, […]
Credit card for porn ban, will crypto usage surge?
Credit card for porn ban is in the making and this could mean crypto adoption is set to increase. Recent reports indicate that a team of international activists have come together to fight against sexual exploitation by porn sites. Their campaign goal is to stop credit card providers to stop porn site payments using their […]
Safaricom VISA partnership to eliminate global commerce friction
A Safaricom VISA partnership has been unveiled which will see Kenya’s mobile telephony giant and the global digital payment leader come up with products and services that will discern M-Pesa (mobile money) users. With the digital money transfer market getting crowded through blockchain startups, VISA is expanding its reach while Safaricom is consolidating its market […]
Will Google smart debit card rival crypto payments?
A Google smart debit card may hit the market sooner than anticipated. Images of the yet to be released card have emerged, a clear indication that plans are underway for the platform to make inroads into the FinTech sphere. With the financial sector fighting to come into terms with the current economic melt-down, the giant […]
Visa transaction volumes plunge amid coronavirus crisis
American multinational payments giant Visa confirms that Visa transaction volumes have witnessed an alarmingly sharp decline this month given the coronavirus pandemic that’s wrecking far greater havoc on a global scale, Reuters reported on 30th March 2020. The coronavirus outbreak is inarguably one of the devastating catastrophes to have hit our planet in recent history, […]
