Articles by tag: Visa
Legacy payment companies are finally embracing blockchain solutions at scale, though still behind compared to the innovation that young fintech companies are bringing to the next generation of payment solutions. Regardless, this embrace is taking many shapes, and it’s still not a guarantee that they’re up to the task. In the last year, Visa…
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As Legacy Payment Companies Lag Behind in Blockchain Adoption, What Will Keep Them Competitive in Web3?
Legacy payment companies aren’t at the forefront of new blockchain solutions, and all things considered are still pretty late to blockchain adoption, getting out-innovated by smaller, more nimble FinTech companies. However, we’re finally starting to see more holistic movement on web3 from the biggest players in the space, with some like MoneyGram gaining industry-wide recognition…
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Visa Enters Digital Wallets, Crypto, and the Metaverse with Patent Applications
Visa made news recently with its applications for two United States patents related to digital wallets, non-fungible tokens and the metaverse. While it may come as a surprise to some, it is not uncommon for payment giants to file patent applications in these arenas. American Express has recently made a similar move. Emmanuel Daniel, author…
Retail
Will Transaction Fees in Retail Payments Go Extinct?
The majority of the world’s 2.8 billion credit cards are issued by just four powerhouses, and within that, it’s really a fight among the top two: Visa and Mastercard. According to ShiftProcessing.com, over half the credit card market share belongs to Visa alone, considering it has 335 million cards in circulation. It’s no surprise…