it has the petenzial to beat them But this can take many years becourse only next genrations will use Blockchain more then Visa to make payments.
kind regards
Topic: Will Blockchain beat VISA someday? - page 6. (Read 1088 times)
very difficult, because without the help of the government the blockchain will find it difficult to find new users. the first thing to do is that the blockchain must be approved by governments around the world. this new technology will be accepted by the public.
I've read a news about Visa adopting or launching blockchain-based system.
Here's the link (https://cointelegraph.com/news/visa-set-to-launch-blockchain-based-digital-identity-system-with-ibm-in-q1-2019)
I think it will not beat Visa, two will merge as Visa sees its potential.
Here's the link (https://cointelegraph.com/news/visa-set-to-launch-blockchain-based-digital-identity-system-with-ibm-in-q1-2019)
I think it will not beat Visa, two will merge as Visa sees its potential.
Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?
The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.
Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA?
The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.
Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA?
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