Tagvisa

These 2 Dow Jones Stocks Are Up 30% YTD Each & They're Not Tech

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When you hear market leaders, it probably conjures up images of Amazon, Facebook, and Google, to name a few of the FANG stocks. But what if we told you that two of the top performers in the Dow Jones index year-to-date aren't technology at all but instead American Express and Visa, which are dividend stocks that have gained more than 30 percent each year-to-date. Not to be outdone, Microsoft and...

Visa Predictably Backs $40 Million Raise in Cryptocurrency Security System

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Visa, Cryptocurrency, Achorage, blockchain

The longer you’ve been in the blockchain space, the more you’ve likely realized that traditional finance companies will come in and benefit from the technology as well. It started with patents and investments; now the companies inevitably begin to take a more active role. Then You Win JPMorgan released its cryptocurrency. Now, much of the traditional business sector is getting on board in some...

Remember MySpace? Underestimate Facebook Crypto at Your Own Peril

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facebook, mark zuckerberg

By CCN Markets: When it comes to what’s gone wrong with Big Tech, the only surprise you would expect is if Facebook was missing from the list. From data privacy violations to aiding genocide to enhancing the spread of fake news, the social media giant has become a global ignominy. But for Facebook, those are trivial inconveniences, and the social media giant is now eyeing the financial services...

Lamb to Slaughter? Visa Follows Zuck into Facebook's Centralized Crypto

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Mark Zuckerberg

By CCN Markets: Facebook has managed to lure some big names to support its cryptocurrency endeavor. According to a report in the Wall Street Journal, payment giants Visa and Mastercard in addition to PayPal and Uber have all jumped onto Mark Zuckerberg's crypto bandwagon. They are each going to pour $10 million into the project for the opportunity to be part of the governance structure of the new...

Visa Is Avidly Fishing For A Crypto Blockchain Dev Hero

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Visa, cryptocurrency

Visa Inc. is seeking a full-time technical product manager in Palo Alto, California. In a job posting to SmartRecruiters, the global card giant said it is looking for someone who is "passionate about the intersection of payments and cryptocurrency," and "deeply familiar with permissionless blockchain technology." With the additional job requirement of "a close network of experts in the fast...

Major US Grocery Chain Kroger Ditches Visa, Discusses Accepting Bitcoin

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kroger visa bitcoin lightning network

Major US grocery chain Kroger recently banned Visa from a regional supermarket in protest of the payment processor's "excessive transaction fees," announcing that hundreds of stores and fueling stations would halt Visa payments in April. However, the story has taken a surprising turn, with Kroger representatives reportedly considering Bitcoin's Lightning Network as one potential alternative...

Sick of It! Kroger Bans Visa Credit Cards For Payments at Regional Supermarket Chain

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Kroger bitcoin

Kroger is fed up with Visa’s outrageous fees. Instead of forking over the money to the credit card network, it will stop allowing its Smith's Food & Drug Stores to accept Visa credit card payments. Shoppers at those stores will no longer be able to use their Visa credit cards beginning April 3. JUST IN: @kroger stores, including #Smiths will no longer accept VISA credit cards. The company...

Bitcoin is 'Potentially Disruptive' to PayPal & Visa: Analyst

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bitcoin cryptocurrency visa mastercard

Bitcoin or another cryptocurrency won't supplant PayPal and credit cards as payment options yet, but they could in due time. That's the assessment of Lisa Ellis, an equity analyst with sell-side research firm MoffettNathanson. “Cryptocurrency systems (e.g., Bitcoin, Ethereum, Ripple) are potentially disruptive to private payment systems,” Ellis wrote in a client note. “Their core design...

Mastercard, Visa Greed Could be the Catalyst For Merchants Accepting Bitcoin

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Mastercard, Visa, Bitcoin

Visa and Mastercard are reportedly on the cusp of hiking fees they charge merchants who accept credit and debit cards. They could hike the fees they charge merchants as early as April, according to the Wall Street Journal. While the behemoth credit card payment processors anticipate the move will help them further line their financial coffers, merchants could be chased away. In the wings waiting...

Dave Rubin: Crypto is the Answer to Censorship and Patreon

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dave rubin crypto patreon

Dave Rubin, the founder and the host of the Rubin Report, has left Patreon with Dr. Jordan Peterson and has begun to develop an alternative solution, possibly involving crypto. Sharing his Bitcoin address in a statement, Rubin said: This is why Dr. Jordan Peterson and I are leaving Patreon and working on an alternative. It’s becoming clearer and clearer to me that crypto and decentralization will...

Visa Acquires Ripple Partner Earthport For $250 Million

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Credit card giant Visa Inc. is acquiring British payments firm Earthport for $250.6 million. Earthport — which provides cross-border payment services to banks and businesses — has been partners with Ripple, the blockchain-based payment network, since 2015. Under the merger, Visa paid four times Earthport's closing stock price on December 26, Reuters reported. Visa was interested in acquiring...

Big Milestone: Bitcoin on Track to Transfer More Value Than Mastercard Daily

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With a daily transaction volume of over $8 billion, Bitcoin (BTC) is on track to overtake Mastercard, the second largest credit card network in the world, in volume. On October 30, Mastercard released its financial results of the third quarter of 2018. Year-to-date, the credit card company has processed around $4.4 trillion. On a daily basis, Mastercard has settled nearly $12 billion per day...

Visa CEO: Crypto is Not a Big Threat But if Needed, We Will Support it

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According to Al Kelly, the CEO of Visa, the company could support crypto in the future if the global market moves in the direction of embracing consensus currencies like Bitcoin and Ethereum. In the short to mid-term, Kelly told Jim Cramer, the host of Mad Money, that cryptocurrencies as an asset class is not a threat to reserve currencies that serve as the basis of Visa’s products. But, he...

Visa Integrates Open Source Hyperledger Tech for B2B Blockchain Payments

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Visa is integrating open-source blockchain code from the Hyperledger Fabric ahead of the commercial launch of its own blockchain service for enterprise payments in Q1 2019. Visa B2B Connect, the payment giant’s enterprise blockchain platform that enables cross-border payments between businesses, is partnering IBM to integrate the latter’s development of the open-source Hyperledger Fabric...

DocuSign Will Add Ethereum Blockchain Integration to Verify Signatures

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docusign ethereum blockchain

San Francisco based DocuSign has announced the integration of the Ethereum blockchain into its electronic signature and transaction management service. The company, which currently has over 400,000 paying customers, will now have an option for customers to have evidence of a DocuSigned agreement automatically recorded on the Ethereum blockchain. This option will be an alternative to the company's...

Thailand’s Kasikornbank to Pilot Visa’s Blockchain Cross-Border Payments Platform

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Visa blockchain

The biggest bank by market capitalization in Thailand, Kasikornbank, has become the first financial institution in the Southeast Asian country to get on board the Visa B2B Connect platform. Designed to enable fast and secure cross-border payments between businesses using blockchain technology, the platform relies on a permissioned private blockchain architecture which is operated by global...

A ‘Visa Cryptocurrency’ Might Only Be Worth $3 Billion: Napkin Math

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visa

Critics of the Bitcoin community’s decision to pursue a development path that prioritizes the coin's utility as a store of value often allege that a payments-first focus is necessary to create a “base level of demand” for a cryptocurrency. However, writing on Twitter, BitGo co-founder Ben Davenport makes the case that the payments use case creates an almost negligible base level of demand since...

Op-ed: Visa vs. Cryptocurrency -- It's Only a Matter of Time

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Kroger bitcoin

The use case for cryptocurrency and decentralized payment networks was reinforced this week as Visa payments throughout Europe were disrupted, leaving thousands of people unable to pay for goods and services. The BBC reports that people were left stranded -- unable to pay for fuel -- and in other cases forced to leave restaurants in embarrassment after they couldn't pay for the meal that they had...

Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments

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Visa, cryptocurrency

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said during an interview with Business Insider’s Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium. Everyday Payments During the interview, O’Brien, who served as the CEO of VISA UK for six years from 2008 to 2014, said that his team is attempting to increase the mainstream...

More Bubble Talk: Visa CFO Loses His S**t on Bitcoin

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Visa, cryptocurrency

Vasant Prabhu, CFO of card leader Visa, can't seem to come to terms with bitcoin. He didn't hold back his ire for the decentralized network to the Financial Times, instead pointing to its appeal for "every crook and dirty politician" not to mention clueless speculators. Visa's Prabhu has been "shocked" by misguided retail investors who know just enough about bitcoin to be dangerous. "The people...

Visa: Coinbase Not to Blame for Overcharges

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Editor's update: The article's headline has been amended to reflect a joint statement issued by Visa and WorldPay. Credit card processing giant Visa is pushing back against allegations that it is to blame for unauthorized charges reported by a growing number of Coinbase customers in recent days. Earlier this month, Coinbase users began reporting that they had been overcharged -- sometimes by as...

Coinbase Customers Suffer Erroneous Charges

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Bitcoin Coinbase tax calculator

With customers experiencing erroneous credit card charges for cryptocurrency purchases, Coinbase has blamed Visa for the charges but claims it is working with Visa to ensure all affected customers are reimbursed. Coinbase said the charges were caused by Visa reversing and recharging transactions. Coinbase Makes Its Case Over the last few months, banks and card issuers have asked the networks to...

Visa CEO: We Won’t Accept Bitcoin Directly

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VISA Blockchain

Visa will not directly accept bitcoin, according to company CEO Alfred Kelly in a recent CNBC interview during the National Retail Federation trade show in New York City. "We at Visa won't process transactions that are cryptocurrency-based,” he said. “We will only process fiat currency-based transactions." Kelly pointed to the problem posed by a currency like bitcoin with rapidly fluctuating...

Bitcoin Value = $0? Morgan Stanley Makes a Flawed Argument

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Bitcoin price value

Earlier this week, Morgan Stanley, the third largest investment bank in the global finance market with a $95 billion market cap behind Goldman Sachs and JPMorgan Chase, stated in a research paper that the future value of bitcoin could drop to zero, given its lack of “intrinsic value” and base price. A few days ago, Morgan Stanley analyst James Faucette told the bank’s clients and investors that...

UK FinTech to Launch a Bitcoin Visa Debit Card with Support for Altcoins

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Crypto PoS

A London-based fintech startup is planning on launching a prepaid Visa debit card, giving users the option to spend a range of cryptocurrencies across the U.K. On Tuesday, the London Block Exchange (LBX) launched, headed by an 18-year Credit Suisse veteran. Future plans with the fintech company include launching a sterling-to-cryptocurrency exchange in addition to a Visa prepaid debit card...

University of Sydney’s Red Belly Blockchain Scales 660,000 Transactions/Sec; 11.5x of Visa, 94,000x of Bitcoin

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blockchain

New trials from the University of Sydney’s Red Belly Blockchain have found that it can process financial transactions 50 times faster than originally thought, making it quicker than Visa for worldwide payments. Back in July, it was initially reported that researchers at the university had developed a new model of blockchain that could process 440,000 transactions per second on 100 machines. This...

Singapore Startup Aims to Help Bitcoin Gain Real World Value with Visa

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Visa, cryptocurrency

A Singapore-based startup thinks it has the answer at boosting bitcoin's real world value: through its Visa card. TenX, which states on its website that it makes 'cryptocurrencies spendable anytime anywhere,' proclaims to be the answer at connecting bitcoin to the real world with the aid of its debit card and banking license. In a report from Deal Street Asia, the Singapore startup is reported as...

BitPay Rolls out Wallet App for Windows Phone with Prepaid Visa Debit Card Integration

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BitPay has introduced a wallet app for the Windows phone that integrates with the BitPay prepaid Visa debit card, the company announced on its website. Users can use the app to manage their bitcoin finances in one secure, open source venue. The app integrates the security and simplicity of the Copay wallet with the company’s consumer payments ecosystem, particularly the prepaid Visa debit card...

Bitcoin Exchange Bitstamp is Struggling...to Keep up with Increasing Customer Demand

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Bitstamp Bitcoin

After recently accepting Visa or MasterCard credit/debit card purchases from U.S. customers, Bitstamp, one of the oldest bitcoin exchanges, has advised customers that its expanding customer base is resulting in longer service response times. The company’s phone service is currently offline, and it has asked customers to be patient. In a notice titled “Increased Demand,” the company encouraged...

Ethereum Based Debit Card 'TokenCard' ICO Raises $12.7 Million in 30 Minutes

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TokenCard, which according to their website aims to create a smart contract powered debit card, just managed to raise almost $13 million in about 30 minutes through eth itself as well as other ethereum based tokens, such as SingularDTV (SNGLS). The majority of the funding came through eth, with almost 170,000 sent, valued at around $12,782,000. Some 1.6 million SNGLS tokens were sent with the...

Matching the World's Largest Payments Network: Ripple Claims Transaction Throughput at Visa Levels

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Visa blockchain

Ripple has introduced new features to improve its Ripple Consensus Ledger (RCL) and Interledger Protocol (ILP) to enhance transaction throughput, especially for cross-border payments. These improvements bring Ripple the same transaction throughput as Visa, the world's largest payments network, and offer a solution to antiquated cross-border payments. Under the current payment system, with banks...

BitPay Launches Payment App, Targeting New Bitcoin Adoption

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Bitcoin payment processor BitPay has released a wallet app for storing and spending bitcoin. The app marries BitPay's experience in merchant payments with its tools for consumer bitcoin payments, providing new possibilities for bitcoin adoption and use.   Consumers and merchants worldwide have turned to bitcoin as an internet-friendly alternative to credit cards. Bitcoin provides a fast and...

Visa Partners with Chain on Blockchain-Based Money Transfer Network

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VISA Blockchain

Visa has rolled out VisaB2B, which uses blockchain technology developed in partnership with Chain Inc., challenging the SWIFT messaging network as the dominant method for moving large sums across borders. The article stated that amid dozens of blockchain experiments by banks and other players, VisaB2B is among the first commercial blockchain products to emerge. Some technology analysts have...

VISA to Test Blockchain Payments among Banks; a SWIFT Rival?

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VISA Blockchain

VISA and blockchain-technology partner BTL will invite a select group of European banks to participate in a blockchain project that will see inter-bank payments made via transfers over the ledger. Hot on the heels of the likes of R3, Visa will experiment its own blockchain-based payments platform with a select group of banks who will send money over a blockchain. The proof-of-concept project will...

CEX.IO Introduces New Fee Schedule to Improve Bitcoin Trading

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CEX.IO, the London-based cryptocurrency exchange, has introduced a new feature to its fee schedule, its most recent innovation to encourage higher market liquidity and improve bitcoin trading. The new Maker-Taker fee schedule sets the maker fee to 0%. The 0% maker fee is CEX.IO’s latest incentive to make bitcoin trading and commerce easier. Bitcoin gives everyone more flexibility with their...

VISA Chooses India for Blockchain Tech Development

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VISA Blockchain

The world’s largest payments network is expanding its new technology center in India to focus on blockchain technology development for its global endeavors. VISA is going gung-ho on the blockchain technology and is setting up the infrastructure and personnel to push blockchain development, out of a development center in Bangalore, India. The payments giant had 400 engineers at the technology...

NFC-Equipped Shake App Allows Users to Spend Bitcoin at VISA Card Terminals

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Shake Alpha, based in Montreal, Canada, is a mobile app that allows users to tap and pay with bitcoin at contactless terminals that accept VISA cards, according to the company's blog. It is an Android app equipped with near field communication (NFC). NFC allows a phone to emulate the interaction between a terminal and a card. There is also a web app that displays a virtual card to make purchases...

Bitwala Offers Fee-Free Bitcoin Transactions For Two Weeks

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bitcoin transactions

Bitwala customers will receive fee-free bitcoin transactions for the next two weeks in celebration of the payment service having logged 2 million transactions in one year. Starting Monday, Bitwala will waive its 0.5% fee. Users can redeem Bitwala’s fee-free offer until March 28 with the code: THANKYOU.   Pay Bills With Bitcoin Bitwala launched as Europe’s first bill payment service that...

SpectroCoin Intros USD- And GBP-Denominated Bitcoin Debit Cards

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SpectroCoin, the U.K.-based bitcoin exchange and wallet, has introduced bitcoin debit cards denominated in USD and GBP, complementing its existing EUR-denominated cards. These cards remove the fiat conversion fees needed with regular debit cards when using a specific denomination in a foreign country. Bitcoin debit cards make it easier for bitcoin holders to use bitcoin for making both online and...

MasterCard Interested In Blockchain But Doesn't Want To Be "Blindsided"

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Mastercard

MasterCard is looking to stay ahead of the curve by refusing to rush into integrating blockchain technology into their business model. Citing concerns regarding regulation, investment and security, MasterCard Chief Innovation Officer Garry Lyons stated why he didn’t want MasterCard to be “blindsided” by block chain in his comments at the World Economic Forum in Davos, Switzerland: “It’s not just...

Visa: Blockchain & Bitcoin Are Now 'More Real than Ever'

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In a blog post summing up 2015 as a year for payments, Visa Europe deemed ‘Fintech’ as the industry where ‘everyone wants to be’ and made a marked point about blockchain and bitcoin becoming a reality that the ‘industry has to live with.’ A blog post titled “Why 2015 was the year for payments” published as a retrospective for the year went up on Visa’s European website to broadly summarize the...

E-Coin Launches VISA-Branded Bitcoin Debit Card

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Bitcoin start-up E-Coin has launched a virtual bitcoin debit card that works where VISA is accepted. The virtual bitcoin debit card has until now existed in the realm of possibilities largely due to the idiosyncrasies of the global financial system. E-Coin solves a problem that has affected bitcoin users worldwide. Bitcoin users have had to cope with limited spending opportunities. By combining...

The History of Visa is Probably Different Than You Think

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Visa credit card association founder Dee Hock is a world-leading expert in payment systems. While an official in 1968 at a local bank in Washington State franchised by Bank of America to issue BankAmericard, Hock became chairman on a committee to create what would become Visa in 1976. Hock is open-minded and outspoken. He has even spoken favorably of the online digital currency Bitcoin. “Bitcoin...

Bitcoin Company Creates Video to Help Backpage Users (Video)

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Paxful was chosen by Backpage.com to provide users with bitcoins when the company was shut down by Visa and Mastercard. Now that Paxful is up and running, they've had their hands full teaching many people the basics of Bitcoin in the process of selling it to them, so they can place their ads on Backpage.com. Now the company has made a video to ease the process for Backpage.com users. Also read:...

Visa Cautious on the Bitcoin Block Chain

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Visa, cryptocurrency

According to a recent article, Visa is aiming to maintain its dominance one way or another. Collab, an arm of Visa Europe, is investigating Bitcoin-oriented companies that could disrupt their business model ultimately. Visa is not against ultimately updating its methods to remain competitive if other technologies such as Bitcoin come along and accomplish the same task, only cheaper. Visa told the...

Backpage: An Opportunity or Liability for Bitcoin?

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Recently, the classifieds website Backpage was banned from using American Express, MasterCard, and Visa, loudly. The reasoning behind this is that the site is used for sex workers to find customers. The site is said to sell millions of classified ads to women in the United States, and a sheriff in Illinois instigated the shutdown. Before that, MasterCard and Visa had no problem processing...

Bitcoin Company tidbit Raises £122,080 in Seed Funding for Bitcoin Tipping Service

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Bitcoin Tipping

tidbit, a London, U.K.-based online tipping and micropayments service that utilizes bitcoin, has raised £122,080 ($192,289) for 15.03 percent equity in seed funding through investment platform Seedrs. The funding will be used for marketing, incorporating additional features, and building the network of sites featuring tibdit. tibdit provides a fast and convenient tipping and donation service...

Roger Ver Denied US Entry to Attend Bitcoin Conference

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Known to many as "Bitcoin Jesus," Bitcoin super-investor and activist Roger Ver has run into major problems recently. Ver famously renounced his United States citizenship in 2014 and was denied a traveling visa this week by U.S. consulate officials. This being his latest attempt to visit Miami to attend an upcoming Bitcoin conference. Roger Ver has taken to social networking site Twitter to vent...