Category Archive: visa

Visa will test the Blockchain

visa_will_test_the_blockchain

Visa will test the Blockchain

London payment giant Visa will test the blockchain to improve interbank payments. 
In fact, Visa Europe Collab announced today that its innovation lab started to test the distributed ledger with BTL Group.
Together the companies will try to explore how the blockchain and smart contracts can be useful for transactions among banks.
In the press release, co-founder of Visa Europe Collab, Hendrik Kleinsmiede, explained that the two partners wants European banks to join their program to use the technology for live payments.
“We’ll work closely together on the development and implementation of the PoC, ensuring that all participants come away with new knowledge and insight into the role that the blockchain could play in interbank settlements in the future.”
According to an article published on the Financial Times, Visa and BTL will try to finish the project within 100 days.
This is not the first project that sees Visa Europe Collab using the blockchain.

In July, Visa revealed a micropayments trial and a project to extend the reach of traditional payments.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

HolyTransaction Bitcoin Roundup March 2016

Welcome to HolyTransaction’s third monthly recap for the new year of 2016. This past month of March has been marked by continued interest in blockchain from everywhere; during that time, the bitcoin price rose from a high of $435.23 on March 1st to a low of $414.66 on March 31st, according to Bitcoin exchange Bitstamp.

It’s time to Blockchain-ize things like sneakers with Chronicled

A new blockchain startup, Chronicled, is planning to blockchain-ize the growing multi billion dollar industry that is sneakers. The company has raised $3.4 million on Crunchbase for its mission. The phenomenon of thousand dollar shoes for the male market has somewhat been predicted by similar economic pressures in shoes for females. Chronicled will use the blockchain to bring accountability and cleaner profits to this and other similarly affected industries.

Even Disney wants a piece of the blockchain action

The most recent surprise blockchain job opening is from Disney. While the corporate giant has many diversified products, this is a prime example of blockchain technology’s ability to help any company save in the middle and back office. Disney also probably has an interest in forever securing their rights via multiple blockchains.

VISA is planning its own blockchain for internal use. They are hiring an engineer/developer to help them and are also working with Chain.com. VISA believes that this area will have a critical impact on the future of the industry and wants to get ahead of the curve. Other companies from around the world that are creating blockchain labs and teams include Hitachi, Phillips, and even Walt Disney.

Ethereum’s newest version, Homestead, has officially launched. The price of ether was very volatile around the release of this software as new users rushed in. Homestead replaces Frontier, and allows users to begin using the smart contract technology. Already, companies are being built around the Ethereum blockchain.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

How to buy Bitcoin through PayPal

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The producer of bitcoin debit card, E-Coin (previously known as Wirex) now allows people to buy bitcoin through Paypal


Improving the Bitcoin Use

Here the full list of countries where it is possibile to use E-Coin to buy Bitcoin via PayPal.
Bahamas, Bahrain, Botswana, Bulgaria, Chile, Croatia, Estonia, Georgia, Gibraltar, Honduras, Iceland, Indonesia, Israel, Italy, Jordan, Kazakhstan, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Moldova, Morocco, Mozambique, Oman, Philippines, Romania, San Marino, Saudi Arabia, Senegal, Serbia, Slovakia, Slovenia, Turkey, United Arab Emirates and Uruguay.

How E-Coin works

E-coin is very simple to use. You just have to follow some simple steps.
To buy Bitcoin via PayPal through E-Coin platform, you need a PayPal account with a positive balance and a virtual E-coin Visa debit card with $3 at least.

E-Coin Fees

E-coin will not charge any fee for this service, but PayPal requires $5 for each transaction, while the minimum withdrawal is $10.

Step-by-Step Guide to Buy Bitcoin

  • Log in into your PayPal account
  • Go to “Money” and then click on the “Add A Card” button
  • Click on “Add another card”
  • Fill the form with Name, Card Type and Billing address
  • Click on “Save” 
  • Then, you need to provide a PayPal code. Return to your PayPal account and insert the 4-digit code. This way you will link the E-Coin card to your PayPal account.
  • Go to your E-Coin account and under “card transactions,” there is a 4-digit code from PayPal 
  • Return to your PayPal account 
  • Go to “Withdraw Money.” 
  • Select “Withdraw Funds To Your Card”
  • Enter the amount to withdraw, click on E-Coin Visa card, and then on “Continue.” 
Now the withdrawal is been requested. The funds will be available into your E-Coin card within seven days.
When funds are avaialble on your E-Coin card, you can buy bitcoin, so log into your E-Coin account and select “Buy Bitcoin”. 
The minimum amount is 0.01 BTC.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Visa is working on a secure and scalable Blockchain

The American multinational financial services corporation Visa annonuced its “secure and scalable” blockchain project.
To do so, Visa opened a position for software engineers who have to “explore and develop technologies that are critical to the payments industry in the future”, as stated in the job advertisement. 
visa, blockchain, job, job position, scalable blockchain

Job Description

The researches will cover three key areas: data analytics, security and future of payments, so the team will work on develop a sort of proof-of-concept for the Visa blockchain network

“Working on Future of Payment research at Visa is a unique opportunity at a time when the payments industry is undergoing a digital transformation with data as a critical differentiator. We offer you the opportunity to be at the center of innovation in the payments industry and unleash the power Visa technologies and massive data in innovating the future of payment concept.”


The perfect candidates must have programming experience, cryptography and “competency in data structures, algorithms and software design optimized for building highly distributed and parallelized systems”. 

Visa partners with Chain

Some months ago, Chain raised $30 million in a new venture funding, drawing funds from some financial companies including Visa.
Chain is a a blockchain developer platform that serves an enterprise market.

The blockchain is no longer a choice

Previously, on December 2015, Visa Europe stated that “the blockchain is no longer a choice”.
In an interesting blog post entitled “Why 2015 was the year of payments”, in fact, they commented on financial technologies including the subject of digital currencies, by saying:

“2015 has turned blockchain into something the industry has to live with. It is no longer a choice anymore. Recent news speculating about the identity of its creator and the formalisation of virtual money as a commodity just makes it more real than ever before.”


To know more about Visa perspective on the blockchain, you can read the full post here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio