Stablecoin on-chain settlement may surpass Visa next year

    Amid a massive downturn in the crypto market, stablecoin usage and adoption are still increasing. Stablecoin settlement reached $8 trillion in 2022, rivaling Visa with $12 trillion. According to CoinMetrics, the total value settled by them in 2021 was just over $6 trillion. In 2022, the value settled could top $8 trillion. Peter Johnson, co-head…

    Visa ends its crypto debit card program with FTX

    Payments company Visa has ended its partnership with crypto exchange FTX amid its ongoing collapse. FTX announced that it was launching a Visa debit card in more than 40 countries just in October. Payments giant Visa has terminated its partnership with FTX after the cryptocurrency exchange’s recent collapse, Reuters reported.  “The situation with FTX is…

    Visa plans to launch its own crypto wallet

    Transnational payment giant Visa has filed several crypto-related trademark applications, including crypto auditing software, NFTs, the metaverse, and its own cryptocurrency wallet. The financial corporation seemingly intends to dive deeper into the crypto world, even though CEO Al Kelly recently questioned its utility. According to trademark attorney Mike Kondoudis, the applications indicate that Visa intends…

    Visa and JPMorgan link their blockchains to make international payments easier

    Two giants of traditional finance, JPMorgan and Visa, are linking up their global private blockchains – Liink and B2B Connect – to simplify payments between nations. As Forbes reported, JPMorgan’s Liink is a network specifically designed for cross-border transfers and is offered under the bank’s blockchain and payments initiative, Onyx. Onyx provides a platform for…

    Bitcoin Lightning Network vs Visa and Mastercard: How do they stack up?

    Bitcoin’s Lightning Network has been growing at a slow pace. What’s keeping it behind, given its high transaction throughput? – writes Francisco Rodrigues on Cointelegraph. Bitcoin (BTC) changed the world as a decentralized, nongovernmental form of currency that can facilitate peer-to-peer (P2P) transactions that transcend national borders.  But despite this functionality, Bitcoin’s role as a…

    Fintech startup Strike launches new Visa Card to allow payments in Bitcoin

    Strike, the leading blockchain-based startup, entered into a collaboration with financial giant Visa Inc. to offer crypto rewards through its new crypto card. The startup also said that access to the card could be granted by joining a waitlist. Digital currency-based payment protocol Strike, built on the Lightning Network, has announced the launch of a…