There’s a great article today by Yessi Bello Perez at Coindesk which lays out what the payment behemoths are doing in the Blockchain space.
Banks have publicly embraced blockchain technology and prominent figures from traditional finance have also lauded its potential. But how exactly are payment giants such as MasterCard interacting with the world of crypto?
Be it through direct investment, partnerships with companies in the space or public comments on bitcoin and its underlying technology, here’s a round-up of some of the most notable interactions between payment giants and the world of crypto.
A taste of some of the reporting work… but for full article head off to Coindesk and ingest the whole piece.
MasterCard filed a patent application to be able to incorporate bitcoin into the design of a proposed online shopping cart which would be rolled out to its global customers. Despite this, MasterCard insisted the filing should not be perceived as the company’s support of bitcoin.
Visa CEO Charlie Scharf spoke about bitcoin in January last year. “There are certainly some interesting things about bitcoin and other things like it, but there are also a great deal of complexities,” he said.
Schartf went on to suggest that Visa was not actively monitoring the bitcoin space: “We feel quite comfortable with the business we have here.”
Similar to his contemporaries, Chenault said he saw more potential for bitcoin’s underlying blockchain technology than the digital currency itself.
“The protocol of bitcoin is going to be important,” he said.
Online payments leader PayPal announced its first partnerships in the bitcoin space in September 2014.
At the time, the company’s senior director of corporate strategy Scott Ellison, said the company was “proceeding gradually, supporting bitcoin in some ways today and holding off on other ways until we see how things develop”.
Bitcoin payment processors BitPay, GoCoin and Coinbase told CoinDesk the partnership had been months in the making.
- Blockchain-Based Travala.com Teams Up with Dash For Hotel Booking Payments - July 18, 2019
- SEC And FINRA Approves First Reg A+ Token Offerings - July 18, 2019
- Tokinex Tolken Sale Sells out in 35 Seconds - July 18, 2019
- 18 Organisations Launch The Convergence Alliance To Enable A New Open Data Economy Built On The Decentralized Web - July 9, 2019
- Bittrex Acquires Tradedash - July 3, 2019
- Korea’s Cube Systems Rolls Out New Blockchain eCommerce Platform - July 3, 2019
- Clinlogix Joins ALTEN Calsoft in Launching Blockchain for Clinical Trials - July 3, 2019
- Binance Charity forms alliance with 46 companies to unveil a stablecoin for the alleviation of period poverty - July 3, 2019
- Nestlé Breaks from IBM Food Trust Blockchain Group for New Milk Supply Chain Trial - July 3, 2019
- Tokeny Solutions Digital Asset Platform Gets €5 Million Backing from Euronext - July 3, 2019
- Blockchain Venture Capital Funding Reaches $822 Million in 2019 - July 1, 2019
- Toronto’s Creative Destruction Lab Joins Facebook’s Libra Association - June 19, 2019
- Australia’s Power Ledger to bring P2P Energy Trading to Austria - June 19, 2019
- Litecoin Foundation Teams Up With Bibox And Ternio On Special Edition Litecoin Debitcard - June 19, 2019
- US Legislators Call for Halt to Facebook’s Cryptocurrency Plans – And to Face Congress - June 19, 2019
- Hyperledger Welcomes Diverse Line-up of New Members for Identity Project - June 18, 2019
- Facebook Announces Calibra Digital Wallet and Libra Cryptocurrency - June 18, 2019
- MIT Professor Silvio Micali’s Algorand Project Announces Date for First Auction - June 6, 2019
- SEC sues Canadian Messaging Service Kik Selling Unregistered Securities in its $100 million ICO - June 4, 2019
- CrowdEngine Teams Up With Polymath Adding Security Token Issuance to List of Crowdfunding Services - June 3, 2019