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Visa, popular payment processor and credit card service company has through its CEO expressed its openness to support cryptocurrencies in due time. The CEO who made his stance known on CNBC’s Mad Money show; has his company look to follow the lead of fellow financial service provider MasterCard, but only when the crypto market size grows. According to the company’s CEO Al Kelly, the Visa brand will implement cypto-friendly systems in the future if the global…

Visa has come out in force, effectively causing a number of bitcoin debit card providers such as Bitwala and Bitpay to shut down services affecting thousands of customers predominantly across Europe. Bitcoin debit cards have become a staple for many wishing to use bitcoin without being restricted to largely online services. Bitcoin debit cards are a functional solution to the problem as the cards essentially allow payment with bitcoin wherever a card processor is…

Visa have recently filed a patent revealing their intentions to build a digital asset transfer system similar to blockchain technology currently in use. Detailing the role individual nodes will play to create a global network, the platform will make use of digital signatures to safely allow transfer of value. As outlined in the patent, blocks will be used to store data about assets and new blocks can also be made for new assets. Also implementing…

The blockchain has been known for its applications in payment and the financial industries. Its use in particular environments such as payments has become its major selling point as Visa announced details on a upcoming blockchain payment service which was in development with the Chain company. The transparent nature of the blockchain platform and instant payments possible makes it ideal for business looking to fill invoices and serve customers in real time. Chain and Visa…