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“# Bitcoin overtakes Paypal on value transferred, sets sights on Mastercard: Report ” The Bitcoin network already processes more volume by dollar value than Paypal and the largest decentralized cryptocurrency network in the world by market cap could outstrip Mastercard by as early as 2026. A Nov. 25 report from market intelligence platform Blockdata titled…
“# Crypto has gone from ‘weird’ to ‘cool’ thanks to NFTs says Visa executive ” Visa’s head of crypto Cuy Sheffield said that investing in cryptocurrency has become a lot cooler thanks to an influx of creative types drawn in by the booming NFT sector. Sheffield was speaking on day one of the Singapore Fintech…
“# Litecoin transactions near an all-time high after gaining ground in consumer finance ” The number of Litecoin (LTC) transactions has rebounded to over 140,000 in recent days after falling close to the 100,000 mark in early October. Three days prior, the Litecoin Foundation tweeted about the launch of its LTC Visa Debit card, powered…
“# Visa working on blockchain interoperability hub for crypto payments ” Global payments giant Visa has introduced a project that aims to be a “universal adapter” of blockchains that can connect multiple cryptocurrencies, stablecoins as well as central bank digital currencies (CBDC). According to an official announcement on Thursday, Visa’s research team is working on a…
“# Visa reportedly aims to integrate Bitcoin payments in Brazil ” In a recent interview with local Brazilian news outlet Seu Dinheiro, Eduardo Abreu, Vice President of new business at payments giant Visa, revealed the company’s intentions to integrate crypto assets onto its platform for both payments and as a store of value, including the…
“# Corporate brands target NFTs and adoption continues to skyrocket ” The nonfungible token (NFT) space is arguably one of the most popular aspects of crypto and blockchain technology. Indeed, NFTs are often the topic of conversation, garnering significant interest both from inside and outside the industry. Such is the growing appeal of NFTs outside…
“# Visa whitepaper describes NFTs as a ‘promising medium for fan engagement’ ” Visa’s splash into the NFT market was driven by an evaluation of the underlying technology and its ability to serve as a “promising medium for fan engagement,” according to a recent whitepaper published by the global payments giant. The Aug. 23 publication…
“#NFT sales reach nearly $900M in record-breaking month” NFT mania is roaring back — and the one-of-a-kind digital collectibles are selling for more money than ever. A total of $897 million in NFT sales were recorded during the 30 days ended Aug. 18, according to the most recently available data from the NFT tracking site…
“# Visa invests $150,000 in NFT CryptoPunk Asset ” Credit card giant Visa has made a substantial splash on its emergence into the nonfungible token (NFT) space with a $150,000 acquisition of a CryptoPunk, the collective of digital artworks that pioneered the mainstream culture of the space back in 2017. In a blog post announcement released…
“# Digital payment ecosystem MobileCoin raises $66M ” MobileCoin, a crypto-focused digital payment ecosystem, announced Wednesday that it has concluded a $66 million funding round as part of a wider effort to bring more of its products and services to market. The Series B had participation from several leading venture funds from within the blockchain…