Topic: VISA Completes First Cryptocurrency Transaction on Ethereum (Read 216 times)
It is quite peculiar. Visa is actually in an oligopoly along with mastercard and american express. I think that this signifies a concession towards cryptocurrencies but as a form of trial. Ethereum is, as today, expensive, inefficient and subpar to any established network. However, Visa´s management does understand what is to be disrupted and it speaks of their good sense that they take this stance.
I still don't understand the mechanism of the transactions.
so they will take another fee besides the network fees?
with the current gas fees, is it still a better offer rather than their conventional service?
or these stablecoins will be an underlying of the digits shown on the app?
so they will take another fee besides the network fees?
with the current gas fees, is it still a better offer rather than their conventional service?
or these stablecoins will be an underlying of the digits shown on the app?
Then it would be better to use BUSD, there the commission is lower and the transaction speed is much higher. I don't understand why such large corporations look only towards Bitcoin and Ethereum.
Surely they would really go first on where the community been supporting the most which is Bitcoin and next with ETH on the altcoin side thats why these common recognitions can re ally be seen.It doesnt matter on what they would use as long this do show up some adoption move then thats already considered as a good one.This would be an eye opener for other big companies
out there and i wont be surprised if there would be other news about payment integration with crypto. We are really heading there!
we've seen it, haven't we?
when Paypal initially announced the adoption of bitcoin, the price went up too high and was one of the invitations for a visa. Until finally in 2021, Visa announced this, as did PayPal before, and the price of bitcoin also soared.
that even from a simple point of view, we firmly believe massive adoption always makes bitcoin unmatched. we still remember at that time before Paypal announced the adoption of bitcoin, the price of bitcoin was doubted by the soaring DeFi coin. but quite a few months Bitcoin silenced and emphasized we will still be in the forefront.
when Paypal initially announced the adoption of bitcoin, the price went up too high and was one of the invitations for a visa. Until finally in 2021, Visa announced this, as did PayPal before, and the price of bitcoin also soared.
that even from a simple point of view, we firmly believe massive adoption always makes bitcoin unmatched. we still remember at that time before Paypal announced the adoption of bitcoin, the price of bitcoin was doubted by the soaring DeFi coin. but quite a few months Bitcoin silenced and emphasized we will still be in the forefront.
I don't understand why such large corporations look only towards Bitcoin and Ethereum.
Which coin is more popular than Bitcoin and Ethereum? Especially for new people who have just entered the cryptocurrency world.Or just try to imagine yourself as a newcomer in cryptocurrency, which coin comes to your mind first when you heard about cryptocurrency?
Almost every company would like to gain more customers for sure, and you cant attract people if you're talking about unpopular coins.
it's in Latin America where there are more unbank people which is why there are more demands there. but won't this also have a high fee as it's on the Ether network?
hope to see a new ATH with this news. it's been sitting on the 54k-57k for a while already it gets dull. it shoots today but didn't breakout thoroughly, a new month and a new green candle stick hopefully.
hope to see a new ATH with this news. it's been sitting on the 54k-57k for a while already it gets dull. it shoots today but didn't breakout thoroughly, a new month and a new green candle stick hopefully.
finally this time has arrived. with ethereum 2.0 all of these applications will be launched to a "next level" and it will be more easy for all us cash out all crypto currency. Other competitors will join the effort of VISA since cryptos can't be ignored at this point in the history.
I am waiting for the next move. Other big companies will accept bitcoin for payment or... for salary?
I think that this is just a fire starter for all crypto industry...
I am waiting for the next move. Other big companies will accept bitcoin for payment or... for salary?
I think that this is just a fire starter for all crypto industry...
Glad to now that this have choose ETH for thier first crypto transaction
I hope that this news will bring another good impact for ethereum in the future but the problem is about how visa can handle the transaction fees. if that doesn't even need to be converted into the fiat but it's still running on ethereum with very high fees. 
I think this makes Bitcoin even more solid when it comes to investing—creating more and more people who want to be part of the crypto space. That's just how much it is valued right now, and a lot more people are seeing the reason why they are switching or hedging to BTC instead of staying in fiat currency. I do believe there's another pump incoming and hopefully, it goes to the moon even more.
USDC is a good stable coin to have, for sure, especially when you compare it to USDT
USDC is a good stable coin to have, for sure, especially when you compare it to USDT
It's interesting choice of coin. It's good that's not USDT, it's somewhat surprising it's not GUSD. It's even more interesting that they didn't wait for the official digital dollar.
Of course, this is just one step forward and it doesn't say whether Bitcoin is going to be next or not. Still, it'sgood great news for all crypto.
Of course, this is just one step forward and it doesn't say whether Bitcoin is going to be next or not. Still, it's
The official usd might take a while... will it run in ethereum? I think it will have it's own blockchain.
Ethereum is way more flexible, I hope they dont get into problems with regulations and end up being forced to use official usd only
A new event that will stop the correction. 
I think it's enough for us not to see another landslide again.
https://twitter.com/jowyang/status/1376542984456478721?s=20
Unlike the last decade, this ain't like crawling anymore for crypto currencies to take over.
This is a high leap and looking back makes any crypto supporter proud of themselves. The new era is of financial transactions is really happening.
I think it's enough for us not to see another landslide again.
https://twitter.com/jowyang/status/1376542984456478721?s=20
Unlike the last decade, this ain't like crawling anymore for crypto currencies to take over.
This is a high leap and looking back makes any crypto supporter proud of themselves. The new era is of financial transactions is really happening.
The really big players are here, finally. We deserve this.
Probably not yet; when the days appointed for the big players to surface the entire world will take a stand-still IMO but, having the likes of these new players is a welcome development and should-be celebrated as such. VISA complete their first Crypto-Trans-on-ETH shows that better days are mostly close. [NB]: Those panic sellers should be thought not to waste-their hard earn resources becasue there will be huge profit for those who understand LTH-[Long Term Holding] soon.
Glad to now that this have choose ETH for thier first crypto transaction
Visa today. Discover tomorrow? American Express next week?
This is good news.
I smell a new Ath coming this week.
yeah, make sure the VISA competitors will try to follow it...This is good news.
I smell a new Ath coming this week.
The new ATH, I am sure of it, is just a matter of time. The adoption of cryptocurrencies is increasingly becoming apparent, I can't wait for more and more institutions to adopt cryptocurrencies.
Well, it looks like VISA made a good move after seeing Tesla support bitcoin for their electric vehicle purchases. It should have happened earlier even if they didn't choose bitcoin, but with USDC on Ethereum's platform, it would probably be possible for them to study the adoption of ETH in the future. That would be a huge and very sexy excitement!
The really big players are here, finally. We deserve this.
VISA is rightly helpful in the development of bitcoin by accepting payments through cryptocurrencies. I am sure some financial companies in the world are also starting to adopt cryptocurrency as a medium of payment and transactions. There are even those who can buy bitcoin there like PayPal.
Fresh enough news to support the new ATH. Having experienced a few days of red day, I think it's enough time to get to the highest level. It's institutional investors like these who keep driving the crypto world better. This hype has brought many positive influences such as equal distribution of crypto-related literacy in society. If in the past 1 in 50 of my friends only knew about bitcoin, now 10 of my 50 friends have invested. This indicates that crypto is not only a scam but has become an attractive asset with a return that is enough to make eyes fresh.
It's interesting choice of coin. It's good that's not USDT, it's somewhat surprising it's not GUSD. It's even more interesting that they didn't wait for the official digital dollar.
Of course, this is just one step forward and it doesn't say whether Bitcoin is going to be next or not. Still, it'sgood great news for all crypto.
Of course, this is just one step forward and it doesn't say whether Bitcoin is going to be next or not. Still, it's
Then it would be better to use BUSD, there the commission is lower and the transaction speed is much higher. I don't understand why such large corporations look only towards Bitcoin and Ethereum.
There must be a reason for that. Do you think these large corporations do not do their homework before making any commitments?
No comment on BUSD but if we talk of cryptocurrency it is more about Bitcoin and Ethereum than other blockchains. But you should not worry about which is being preferred today by these large corporations. There are still a lot of other corporations that would follow these very early steps. One or two of them might prefer BUSD.
Visa today. Discover tomorrow? American Express next week?
This is good news.
I smell a new Ath coming this week.
This is good news.
I smell a new Ath coming this week.
Then it would be better to use BUSD, there the commission is lower and the transaction speed is much higher. I don't understand why such large corporations look only towards Bitcoin and Ethereum.
We all want faster transactions and visa (and credit cards wholely) have proclaimed to have millions of transactions done per second, wouldn't they want the fastest possible blockchain to use?USDC is a product of coinbase and their iteration of a stable coin if I am not mistaken.
BUSD? Sure why not?
Well way better than USDT that is for certain and then getting their customers involved with them and their past with bitfinex I sposse.
And this is the kind of news that bump bitcoin price... As they say, it was a visa transaction on the Ethereum blockchain, Feels like an enormous step for humanity and for economics.
The transaction was done with a stable coin called United States dollar coin, or USDC. And this doesn't mean that all visa transactions will be this way from now, but at least some of them will come through crypto.
The transaction was done with a stable coin called United States dollar coin, or USDC. And this doesn't mean that all visa transactions will be this way from now, but at least some of them will come through crypto.
Public enthusiasts who want to shop using crypto are very high, hopefully soon it will be possible for other countries to shop using crypto so that there is no need to money cash
Then it would be better to use BUSD, there the commission is lower and the transaction speed is much higher. I don't understand why such large corporations look only towards Bitcoin and Ethereum.
Visa has announced that it will allow transactions to be settled using the cryptocurrency stablecoin USD Coin.
Visa has announced support for USD Coin to be used to settle transactions on its payments network.
The announcement is part of a wider pivot to the crypto industry for the payments giant.
Visa has announced today that it will allow the use of the USD Coin cryptocurrency to settle transactions on its payments network, per Reuters. In a trial conducted earlier this month, Crypto.com sent a USDC transaction to Visa's Ethereum address at crypto custody service Anchorage.
Per today's announcement, Visa's use of the Ethereum blockchain removes the need to convert digital coins into traditional money before the transaction can take place—removing pre-existing complexities for businesses.
The USD Coin is a stablecoin—a crypto asset that is pegged to the US Dollar.
The move comes at a time when major institutions like BNY Mellon, MicroStrategy, and PayPal have all embraced the crypto industry. Earlier this month, Tesla invested a whopping $1.5 billion into Bitcoin, signalling just how appealing the crypto industry is proving to be to large investors.
“We see increasing demand from consumers across the world to be able to access, hold and use digital currencies and we’re seeing demand from our clients to be able to build products that provide that access for consumers,” said Cuy Sheffield, head of crypto at Visa.
Part of that increasing demand is taking place in Latin America, where consumers want access to cryptocurrencies not just as a hedge against inflating national currencies, but as a means for spending. According to a Visa survey conducted last month, 25% of all credit card users in Latin America would like to experiment with cryptocurrencies if payment processors gave them that opportunity.
But Visa's pivot into the crypto industry doesn't stop there. According to CEO Al Kelly, Visa is also looking to "enable the purchase of Bitcoin on Visa credentials."
Source: https://decrypt.co/63170/visa-completes-first-cryptocurrency-transaction-on-ethereum
Visa has announced support for USD Coin to be used to settle transactions on its payments network.
The announcement is part of a wider pivot to the crypto industry for the payments giant.
Visa has announced today that it will allow the use of the USD Coin cryptocurrency to settle transactions on its payments network, per Reuters. In a trial conducted earlier this month, Crypto.com sent a USDC transaction to Visa's Ethereum address at crypto custody service Anchorage.
Per today's announcement, Visa's use of the Ethereum blockchain removes the need to convert digital coins into traditional money before the transaction can take place—removing pre-existing complexities for businesses.
The USD Coin is a stablecoin—a crypto asset that is pegged to the US Dollar.
The move comes at a time when major institutions like BNY Mellon, MicroStrategy, and PayPal have all embraced the crypto industry. Earlier this month, Tesla invested a whopping $1.5 billion into Bitcoin, signalling just how appealing the crypto industry is proving to be to large investors.
“We see increasing demand from consumers across the world to be able to access, hold and use digital currencies and we’re seeing demand from our clients to be able to build products that provide that access for consumers,” said Cuy Sheffield, head of crypto at Visa.
Part of that increasing demand is taking place in Latin America, where consumers want access to cryptocurrencies not just as a hedge against inflating national currencies, but as a means for spending. According to a Visa survey conducted last month, 25% of all credit card users in Latin America would like to experiment with cryptocurrencies if payment processors gave them that opportunity.
But Visa's pivot into the crypto industry doesn't stop there. According to CEO Al Kelly, Visa is also looking to "enable the purchase of Bitcoin on Visa credentials."
Source: https://decrypt.co/63170/visa-completes-first-cryptocurrency-transaction-on-ethereum
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