A matter of time – Long despised by the traditional banking sphere, cryptocurrencies can no longer be brushed aside. Although a very large number of them do not bring any real added value, the most efficient protocols question our relationship with money and its transfer, culminating in: the reduced transaction time. If it takes a few seconds on the lightning network, it takes 1 to 2 days for a SEPA transfer for example. Some technological contributions that we owe to cryptocurrencies are in the process of being adopted by the traditional system.
A payment juggernaut in the face of the crypto shift
The primary goal of Bitcoin is to disintermediate value exchanges and make them possible, reliably and securely between two individuals possibly separated by thousands of kilometers, all without a bank or centralized service provider of payment. The hyper-volatility of cryptos is a valid argument for the dinosaurs who want at all costs to avoid taking inspiration from this young sector and exposing themselves to it. However, the arguments against the transaction speed missing…
As sad as it may seem for anti-Bitcoin and others, not everything is to be thrown away in this flourishing sector. And the famous payment provider Visa understood it well. Almost every month this year, we have had the right to hear about the company’s progress in our ecosystem.
From the Visa card cut out for the Lightning Network (second layer of the Bitcoin protocol), at the FTX blue cardthrough the establishment of a incubator for start-ups specializing in NFTs, Visa is not idle.
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On October 22, the American firm filled out two forms of Deposit mark. One is related to portefeuilles cryptos. The other is more focused on NFT and the Metaverseas reported by CoinDesk.
About the wallet, Visa has filed a trademark for software “management of digital transactions, use of a digital currency wallet and storage”.
The second form concerns one of the phenomena (at least in the media) of recent months: the metaverse. Visa would seek to “provide virtual environments in which users can interact for recreational, leisure or entertainment purposes accessible in the virtual world”.
The global payment giant completes dozens of such documents each year and is likely to continue to explore the crypto sector to incorporate it into its service offering. Especially since according to a study conducted by the audit firm Deloitteclose to 75% of US merchants plan to accept Bitcoin as a form of payment within two years.
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