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Topic: Visa is getting more interested in Crypto - page 3. (Read 1086 times)

member
Activity: 518
Merit: 23
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February 11, 2021, 12:50:53 PM
#93
There was already news regarding some companies starting Cryptocurrency in large companies. This step is always a big opportunity for Cryptocurrency to step up their credibility since being used publicly that will accept new users is always an opportunity to teach them on what Cryptocurrency is and how does it work. Tesla already started integrating their platform with the option to use Bitcoin as a form of payment.

With Visa creating this move, it will now surely let other companies create a move to research on how they can do to integrate their platforms with Cryptocurrencies too.
hero member
Activity: 1414
Merit: 574
February 11, 2021, 11:34:47 AM
#92
Of course they would. This is because more and more big names are deciding to side with crypto currencies, particularly bitcoin. even mastercard is planning to jump in. we can only expect more good news to come since a lot are sure to follow with this trend since after all, it  is always about competition when it comes to big companies or personalities. Which is why I think that we will be seeing more green and more increase in almost all of crypto currencies present since none of these big names or companies would want to be left behind.

News related to large companies that are starting to look at Crypto continues to provide a positive stimulus to its price. If measured from the beginning of 2020, the Bitcoin price increase is over 600%. I can't imagine how rich the humans are who keep holding Bitcoin up to this moment.The increase in the price of Bitcoin is inseparable from projects carried out by Paypal, visa, MasterCard, and others. This makes it highly likely that this is not an apparent price increase but is in fact.
member
Activity: 686
Merit: 26
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February 11, 2021, 09:18:01 AM
#91
Of course they would. This is because more and more big names are deciding to side with crypto currencies, particularly bitcoin. even mastercard is planning to jump in. we can only expect more good news to come since a lot are sure to follow with this trend since after all, it  is always about competition when it comes to big companies or personalities. Which is why I think that we will be seeing more green and more increase in almost all of crypto currencies present since none of these big names or companies would want to be left behind.

Now, it is the time for big institutions and payment merchants to start using crypto and with new institutions jumping in the buying bitcoin, we are set for a the new high in coming time. It could be  big move as well if we hear more big names the market could jump and cross quickly even 50/60k in a matter to weeks. Investors keep holding it and rest of them can buy whenever there is some fall in market.
sr. member
Activity: 882
Merit: 403
February 11, 2021, 09:06:41 AM
#90
Of course they would. This is because more and more big names are deciding to side with crypto currencies, particularly bitcoin. even mastercard is planning to jump in. we can only expect more good news to come since a lot are sure to follow with this trend since after all, it  is always about competition when it comes to big companies or personalities. Which is why I think that we will be seeing more green and more increase in almost all of crypto currencies present since none of these big names or companies would want to be left behind.
member
Activity: 560
Merit: 26
February 11, 2021, 08:29:45 AM
#89
I'm very much aware that all tech are into investment for the benefit and interest as well as the technology behind such investments.
Bitcoin is now a hot cake that every institution now want to get their self involve with all with sole aim of the profit and not the tech.
Just like the way PayPal integrated in their platform,,l they claim it was backed but I wonder why they didn't directly allow customers to trade real Bitcoin, withdraw and deposit.
hero member
Activity: 2744
Merit: 588
December 05, 2020, 07:27:22 PM
#88
This is once again probably about creating this new sort of hype around bitcoin and all crypto. At the end of the day we are talking about Visa here, they can do whatever the hell they want and still make a profit, they are very huge, and if someone else does something and it looks promising, they could just buy them out, they are THAT rich.

Look at all the big companies, mainly tech companies for example, they just let others do something and buy them out directly which makes them worth a lot more, same usually goes for wall street companies too, they just grow big and buy other companies. Visa is not "interested" in crypto, they are interested in making more profit and if they are profiting from crypto, they will be happy about it, they will just not put too much resources into it.
This will really help the hype the bitcoin as of now since these big companies are now adopting the usage of bitcoin, these are online financial services and this is also involving money wherein you are making transactions. This will help the hype because as Visa adopt bitcoin, there are more people that will know the usage or essence of using bitcoin, not only that but the opportunity that they can get when they got and understand what bitcoin or cryptocurrency really is. Paypal already adopted the usage of bitcoin and I think that has also an effect on the market price that we can see right now.

This will be good introduction to noncrypto users who are Visa card holders.
Those population is large so if small percentage of that number will be interested in crypto, that will be good for our adoption.
It is only a matter of time before these big financial institutions will give their official statement towards crypto adoption.
And it will lessen the doubt of many users that crypto is used for fraudulent activities. The more they learn about this, the more they will appreciate the presence of crypto.
sr. member
Activity: 1316
Merit: 254
United Crowd
December 05, 2020, 07:24:12 PM
#87
As far as I know, the PayPal service regarding bitcoin feels like buying crypto assets in Robinhood because at PayPal Users who buy Bitcoin  they can have the King of Crypto Assets, but cannot move Bitcoin out of other platforms or addresses. have but not completely. however at least PayPal accepts crypto payments is good news. I hope that in the future there will be more options and features. This if PayPal is successful in its implementation will usually be imitated by Visa and Mastercard
sr. member
Activity: 1050
Merit: 286
December 05, 2020, 03:05:22 PM
#86
This is once again probably about creating this new sort of hype around bitcoin and all crypto. At the end of the day we are talking about Visa here, they can do whatever the hell they want and still make a profit, they are very huge, and if someone else does something and it looks promising, they could just buy them out, they are THAT rich.

Look at all the big companies, mainly tech companies for example, they just let others do something and buy them out directly which makes them worth a lot more, same usually goes for wall street companies too, they just grow big and buy other companies. Visa is not "interested" in crypto, they are interested in making more profit and if they are profiting from crypto, they will be happy about it, they will just not put too much resources into it.
This will really help the hype the bitcoin as of now since these big companies are now adopting the usage of bitcoin, these are online financial services and this is also involving money wherein you are making transactions. This will help the hype because as Visa adopt bitcoin, there are more people that will know the usage or essence of using bitcoin, not only that but the opportunity that they can get when they got and understand what bitcoin or cryptocurrency really is. Paypal already adopted the usage of bitcoin and I think that has also an effect on the market price that we can see right now.
hero member
Activity: 1498
Merit: 711
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December 05, 2020, 02:15:12 PM
#85
it will be a domino effect in the next coming years.

If this news will actually be applied by Visa and Mastercard, this is a form of spreading the trust given by Paypal.  The domino effect given leads to a more positive direction where crypto will be used more massively by everyone, even people with traditional concepts.  Paypal's actions will have a positive impact even in the traditional financial business sphere.  They will race to learn crypto so as not to fall behind its competitors.
Since we are still dependent on fiat money that we use in our daily life, it is very important that PayPal, as well as with bank cards, we will be able not only to buy but also convert cryptocurrency to Fiat. Moreover, if we are talking about everyday life and small amounts, then users have nothing to fear. But if we are talking about larger funds that can be withdrawn from the cryptocurrency into the national currency, then here many will fear for the sanctions that the government may impose or tax percentages, which may not always be reasonable.
Yeah it's obvious that everyone like fiat currency because it's what we are born with, telling people concerning cryptocurrency it will sounds as a foreign thing in their ear and also sight, so I think they have acclimatized with it that's why they fined it very difficult, so emphasising on tax percentage, it's obvious that every business have to do with tax percentage provided that government is in existence, so I recapitulate this by saying that tax fee is necessary but what we need to consider here is the percentage charge.
legendary
Activity: 3248
Merit: 1128
December 05, 2020, 01:21:42 PM
#84
This is once again probably about creating this new sort of hype around bitcoin and all crypto. At the end of the day we are talking about Visa here, they can do whatever the hell they want and still make a profit, they are very huge, and if someone else does something and it looks promising, they could just buy them out, they are THAT rich.

Look at all the big companies, mainly tech companies for example, they just let others do something and buy them out directly which makes them worth a lot more, same usually goes for wall street companies too, they just grow big and buy other companies. Visa is not "interested" in crypto, they are interested in making more profit and if they are profiting from crypto, they will be happy about it, they will just not put too much resources into it.
sr. member
Activity: 854
Merit: 264
Crypto is not a religion but i like it
December 05, 2020, 04:04:26 AM
#83
This is all very well BUT
Most of the crypto community, in addition to the exorbitant (this is good) love for cryptocurrency and its total distribution, are very fond of saying that " we all need 146% decentralization and we need to destroy the state so that no one can control money."
And then guys like Paypal and Visa come in and tell you
- Hey guys, we decided that cryptocurrencies are cool and we will accept them and spin them on our processing sites so that it is cool and convenient for you! Let's spread this Apple of Eden together!
But no one even thinks about the fact that in this case, these Paypal or Visa are no longer some visionaries in white armor and with a pure heart, they just want to earn money on it, ban some accounts and thats all. They only interested in fees, and of course they support gov and centralization
legendary
Activity: 3038
Merit: 1024
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December 05, 2020, 03:06:24 AM
#82
We have a domino effect here companies are just watching on the outcome of PayPal integrating Cryptocurrency in their platform if it's successful then we can see many companies doing the same, we will see merchants adding Cryptocurrency in their platform and making it as one of the option of buyers, things are looking good for us now, and it's only a matter of time.
Those are old partnerships but this time visa is creating an official partnership with USDC. More institutional came to the crypto and this is also giving a huge pressure for other major companies to adopt crypto too.
It looks like there will be an option to pay something used USDC. Visa will be integrating with USDC.
I saw that news a few days ago. We will see that but I hope Mastercard will come too.
legendary
Activity: 3276
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
December 05, 2020, 12:14:30 AM
#81
We have a domino effect here companies are just watching on the outcome of PayPal integrating Cryptocurrency in their platform if it's successful then we can see many companies doing the same, we will see merchants adding Cryptocurrency in their platform and making it as one of the option of buyers, things are looking good for us now, and it's only a matter of time.

The PayPal acceptance is just around one month old. On top of that, they are still in testing phase and Bitcoin won't be available for most of the US users until mid-2021. So the outcome of this measure will be visible only after 6-12 months. Therefore I would expect the other major players to adopt the wait and watch approach, until the outcome is clear from PayPal integration.
legendary
Activity: 2646
Merit: 1106
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December 04, 2020, 07:12:02 PM
#80
Already more networks have started to provide cryptocurrency transaction services along with visa. In recent days I saw a credit card powered by visa on crypto.com where users get the access to fill the card with cryptocurrencies. Apart from this on every transaction small percentage of discount is provided back in the form of bitcoin.
member
Activity: 952
Merit: 27
December 04, 2020, 11:41:19 AM
#79
We have a domino effect here companies are just watching on the outcome of PayPal integrating Cryptocurrency in their platform if it's successful then we can see many companies doing the same, we will see merchants adding Cryptocurrency in their platform and making it as one of the option of buyers, things are looking good for us now, and it's only a matter of time.
copper member
Activity: 2968
Merit: 575
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December 04, 2020, 11:06:49 AM
#78
I hope that it's something more than Visa's decision to follow PayPal footsteps. The mass adoption is underway, but for most people crypto is a good investment tool only.
They are nowhere near Paypals decision. Visa just partnered with a ethereum network based stable coin (USDC) to facilitate with transactions. But, it still is some sort of good news and shows that the world is ready to adopt and accept cryptocurrencies. Big companies like VISA and paypal knows that this is inevitable and once it becomes mainstream, it will be easier for them to transition and be one of the first ones to dominate the market!
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
December 04, 2020, 11:02:34 AM
#77
Blockchain probably, because crypto is not something that would work for them, hence I think it is blockchain they care about. Considering blockchain could get them remove all the huge servers and make it super fast (instant) and free to move money around all around the world and keep track of it without any problem at all, that could save them billions of dollars in cost.

However this is not something simple, a company as big as Visa can't just say "lets move to blockchain today" or something, it would require years and years of development and on top of that it would require years of slowly moving from few test places to everyone else. Hence I think it is a smart move but it is going to take years.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
December 04, 2020, 10:58:03 AM
#76
Bull run already started in the month of April or later that is the reason why PayPal got interested in the cryptocurrencies then started to accept buying and selling cryptocurrencies in the platform. Recent the prices are increasing more compared to the previous month show the adoption among the investor started which further pushes to the prices to higher range.
full member
Activity: 1498
Merit: 129
December 04, 2020, 10:32:25 AM
#75
I do not think Visa are making the decision because the paypal has also adopted cryptocurrencies. If you check very well, you will see that among the card providers, Visa happen to be the one that have simple and flexible mechanism towards accepting some of the crypto project that are kin to have a crypto debit card. Most of them today either make use of visa card or union pay. AMON Card has been getting not too positive feedback from mastercard . Visa have good business relation with paypal so I believe any decision any of them makes will not be because one makes it. What I was expecting to see is other paypal rivals such as payza, Skrill etc also making cryptocurrency part of the vision they may want to accomplished and this will happen soon
newbie
Activity: 29
Merit: 0
December 04, 2020, 10:05:56 AM
#74
We'll take a look at the "Domino Effect" or "FOMO" of big companies afraid of falling behind following in the footsteps of paypal, visa and mastercard.  let's guess who which big company next!!
Libra developer ambition is only trying to grab and even capitalization the crypto market by trying to collaborate with big companies that have great influence..
Yes and also they probably want them juicy fees from facebook users which are constantly in pain because they have to use their bugged non secured service everyday.
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