Financial Technology on the Rise: Visa Buys Fintech Firm Plaid for $5.3 Billion

Financial Technology on the Rise: Visa Buys Fintech Firm Plaid for $5.3 Billion

Visa, one of the largest and biggest payment systems in the world, is set to acquire one of the world’s largest financial technology (fintech) firms Plaid in a massive $5.3 billion deal. The payment giant, in a press release published two days ago, touted the fintech firm for the crucial roles it plays in the financial markets. As the major link between the financial world and the tech community, Visa looks to provide better customer…

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Visa Creates Blockchain-Based Fintech Data Management System ‘LucidiTEE’

Visa Creates Blockchain-Based Fintech Data Management System ‘LucidiTEE’

Visa, one of the largest global payment solution providers, has come up with its own data management tool which is entirely based on blockchain. The new blockchain system, called LucidiTEE, is poised to replace the legacy fintech data management software. Visa’s Research and Development wing has published a paper based on the workings of the system. It includes a comprehensive report on the design and evaluation of the new tool which has placed significant emphasis…

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After PayPal’s Departure, Visa, MasterCard, eBay, Stripe left the Libra Association

After PayPal’s Departure, Visa, MasterCard, eBay, Stripe left the Libra Association

After PayPal, several Other members of the Libra Association including MasterCard, Visa, eBay, Stripe, and Mercado Pago, have also abandoned Facebook’s plans for creating the distributed, global cryptocurrency Libra. This serious blow from these payment processor giants came as the Libra crypto project attracted fierce criticism from global regulators and lawmakers, and made industry experts raise the question regarding the existence of the project. These withdrawals leave Libra with no major US payment processor which…

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Second Crypto Investment for Visa with Cryptocurrency Holdings Startup Anchorage

Second Crypto Investment for Visa with Cryptocurrency Holdings Startup Anchorage

Visa, one of the largest payment processors in the world has recently made its second investment in cryptocurrency startup called Anchorage. As reported by Fortune, the company has reportedly invested millions of dollars during Anchorage’s new funding round. Both Visa and Anchorage have partnered with Facebook for its cryptocurrency project Libra. This is the second time that Visa has shown interest in a cryptocurrency startup and poured millions into it. Visa first invested in a…

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Coinbase Set to Launch the First Crypto Visa Debit Card, Coinbase Card

Coinbase Set to Launch the First Crypto Visa Debit Card, Coinbase Card

The plan to make the crypto world more like the traditional financial market may not be a dream for only the delusional anymore. Each day paves way to breathtaking innovative ideas that make it more of a reality than a delusion. While there are several grounds to cover before bringing this dream to fruition, it is worthy to note that the crypto space keeps growing by leaps and bounds as days roll by. Today, the…

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Research: In 10 Years Bitcoin to Surpass PayPal, Visa, MasterCard in Payment System Industry

Research: In 10 Years Bitcoin to Surpass PayPal, Visa, MasterCard in Payment System Industry

Bitcoin has long been compared with its mainstream competitors for transaction volume, speed, and cost. In terms of scalability, Bitcoin has famously lagged behind other big players in the payment processing market. However, in some aspects Bitcoin has already surpassed its competitors according to a recent research report put out by cryptocurrency analysis platform, DataLight. The report shows that Bitcoin outperforms the likes of Visa, Mastercard, and PayPal in the transaction volume category to become…

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Visa Partners with IBM to Launch Blockchain-Powered B2B Platform for Financial Institutions

Visa Partners with IBM to Launch Blockchain-Powered B2B Platform for Financial Institutions

On October 21 global payment giant Visa announced its blockchain-based business to business payment services, called B2B Connect, will be going live in the first quarter of 2019. Visa launched the pilot scheme for the technology in February after announcing the project the year before and is planning to roll it out in the first quarter of next year after a successful pilot. Reducing Fraud One of the major benefits of the project is that…

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